Announced
Completed
Financials
Tags
United States
electrical appliances
Acquisition
Majority
Completed
Single Bidder
Private Equity
telecommunications
diversified utilities
test equipment
power utility
Telecommunications Services: Other
power manufacturers
electronics manufacturing
Electronic Equipment: Other
Domestic
Private
Friendly
Merger
Synopsis
Osceola Capital-backed Forward Solutions, a provider of outsourced sales and marketing services, completed the acquisitions of ElectroRep and R/B Sales, two service electrical supplies manufacturers; Madigan McCune & Associates, and Upper Midwest Utility Sales- service utility, telecom, and power manufacturers. Financial terms were not disclosed. "We are incredibly excited to welcome ElectroRep and R/B Sales into the Forward Solutions portfolio. These mergers represent a pivotal moment for our organization as we strategically invest in the electrical channel. Additionally, to be able to welcome Madigan, McCune & Associates and Upper Midwest Utility Sales into the Forward Solutions portfolio is a win for us all, and their merger with StruXur represents exciting growth opportunities as we strategically invest and expand our presence in the telecom and power utility channels," Joe Orednick, Forward Solutions President & CEO.
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