Vermont Business Magazine Green Mountain Electric Supply, Inc. of Colchester has acquired Falcone Electric of Batavia, NY. Generational Equity, a leading Dallas-based mergers and acquisitions advisor to private companies, announced the sale on behalf of its client Vanderhoof Electric Supply, Inc (dba Falcone Electric). The acquisition closed on October 3, 2022. Financial terms were not disclosed.
Falcone Electric is a wholesaler and retailer of electrical supplies and lighting fixtures with an excellent reputation for quality customer service. Falcone was founded in 1945 and the current owner bought the company in 2009. Falcone has developed working relationships with some of the leading manufacturers in the industry and today stocks more items than virtually any of its competitors. This includes an extensive selection of wire, conduit, cable, conduit, equipment, tools, test equipment, fittings, fasteners, batteries, fans, heaters and everything in between.
Based in Colchester (with additional locations throughout New York and New England), Green Mountain Electric Supply (GMES) is an electrical distributor serving contractor, industrial and municipal markets. It is a leader in energy efficient solutions including LED technology, lighting retrofits, energy audits, custom lighting layouts and photovoltaics. GMES offers innovative and renewable energy solutions.
Generational Equity Executive Managing Director, M&A Technology Practice Leader, David Fergusson, Senior M&A Advisor, Bill Shipman, with the support of Managing Director, M&A, Corey Painter, successfully completed the transaction. Senior Managing Director, Joe Van Voorhis, established the initial relationship with Falcone.
“The acquisition was a natural fit for GMES as they continue to expand their footprint across the region,” said Shipman. “Furthermore, the acquisition brings them an experienced and knowledgeable management team that will continue to lead the GMES growth strategy going forward.”
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Generational Equity, Generational Capital Markets (Member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group and DealForce are part of Generational Group, headquartered in Dallas and one of the leading M&A advisory firms in North America.
Source: 10/20/2022. DALLAS–(BUSINESS WIRE)–Intergenerational Justice