Generational Group Advises Falcone Electric in its Sale to Green Mountain Electric Supply

By Generational Group

10/20/2022

Generational Group, 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 Group 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.” 


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.