Sun Acquisitions is pleased to announce the sale of an electrical services company to a strategic acquirer. This business is located in the greater Chicagoland area and has been in operation since 1992.
The business provides electrical contracting services to home owners with a special emphasis on the sale, installation and servicing of generators for residential, commercial, and business use. They provide yearly maintenance to over 1,300 generators in the Chicagoland area. In addition, they are certified to install and service home charging stations for electric vehicles. The business enjoys a loyal and continually growing customer base with a strong reputation going back over 25 years.
The strategic acquirer owns and operates a heating and air conditioning business and there are multiple opportunities to cross-sell clients on services and be a full-service firm. The new owner plans to expand the service offerings and footprint in the Chicagoland market.
Sun Acquisitions generated 56 inquires on the business, which led to 28 qualified buyers and 5 offers. Domenic Rinaldi was the lead advisor and managed all aspects of this client engagement. Domenic is the Managing Partner for Sun Acquisitions and a Certified Business Intermediary (CBI). He is a seasoned executive with over 30 years of proven M&A experience.
About Sun Acquisitions:
Sun Acquisitions is a Chicago based mergers and acquisitions firm. We work with clients that are interested in the confidential sale, acquisition or valuation of privately held middle market and main street companies. Our professionals have significant experience and knowledge to thoroughly guide clients through each stage of the sale or acquisition process. Sun Acquisitions has successfully managed and handled engagement across all industries and is recognized as a leading M&A advisory firm in the Midwest.
If you are interested in buying or selling a business, contact us at (773)-243-1603 or email [email protected].