Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Vanderhoof Electric Supply, Inc. (dba Falcone Electric) to Green Mountain Electric Supply, Inc. The acquisition closed October 3, 2022.
Falcone Electric (Falcone), located in Batavia, New York, is a wholesaler and retailer of electrical supplies and lighting fixtures with a sterling reputation for quality customer service. Falcone was founded in 1945 and the current owner bought the business in 2009. Falcone has established excellent working relationships with some of the industry's leading manufacturers, and today it is proud to offer more in-stock items than virtually all of its competitors. This includes an extensive selection of cable, conduit, wire, raceway, devices, tools, testing equipment, fittings, fasteners, batteries, fans, heaters, and everything in-between.
Green Mountain Electric Supply (GMES), located in Colchester, Vermont (with additional locations throughout New York and New England) 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 photovoltaic solar. GMES provides 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 closed the deal. 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 presence throughout the region,” said Shipman. “Additionally, they gain an experienced and knowledgeable management team through the acquisition that will continue to lead the GMES growth strategy going forward.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 300 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.
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Contacts
Carl Doerksen
972-342-0968
cdoerksen@generational.com
