Date
Oct 2022
Region
New York
We are pleased to share the sale of our 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, and his team, led by 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.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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