Sun Acquisitions is pleased to announce the sale of a full-service commercial electrical contractor company, based in the Greater Chicago Area.
The company has been in operation since the late 1990s and is a leader in the electrical installation, repair and replacement services. They provide turn-key electrical solutions to primarily commercial clients. They are equipped with a very experienced team of electricians and a fully utilized brick and mortar facility to complete any project a client needs. The company has the capabilities and infrastructure, and scale to meet any challenging service needed.
There are many opportunities present for the new ownership to continue the growth of this company including: implementing a strong marketing strategy, hiring additional personnel to keep up with demand, expanding the geographical market served, and fostering additional commercial relationships.
Through marketing the business for sale, Sun Acquisitions generated over 55 inquires on the business, which led to 12 qualified buyers and one final offer. The business was acquired by a company currently in the industry conducting a strategic growth acquisition.
Tony Schiappa was the lead advisor and managed all aspects of this client engagement. Tony is the Chief Business Development Officer and Senior Advisor for Sun Acquisitions. He is a seasoned executive with experience in sales, negotiation and operations as he has personally taken a company from inception to sale.