Vermont Business Magazine Green Mountain Electric Supply, Inc of Colchester has acquired Falcone Electric of Batavia, NY. Generational Equity, a leading mergers and acquisitions advisor for privately held businesses based in Dallas, announced the sale on behalf of its client, Vanderhoof Electric Supply, Inc (dba Falcone Electric). The acquisition closed October 3, 2022. Financial terms were not disclosed.
Falcone Electric 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 working relationships with some of the industry's leading manufacturers, and today offers 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, (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.