IAG is happy to announce the sale of Gilbert Electrical Contractors in Arizona.
Gilbert Electric Contractors is a well-known company that has been providing electrical services since 1970. Over the years, they have built a reputation for providing quality workmanship and excellent customer service. However, after over 50 years in business, the owners of Gilbert Electric Contractors decided it was time to retire and approached IAG in 2019 with the goal of selling their business.
IAG specializes in the sale of mid-sized businesses and our team of experienced M&A Advisors are knowledgeable about the market and have a proven track record of successfully selling businesses. When Gilbert Electric Contractors approached IAG, they knew they were in good hands.
The IAG team began the process by conducting a thorough analysis of Gilbert Electric Contractors’ financials and operations. This included a review of their assets, liabilities, and revenue streams, as well as an evaluation of their customer base and market position. Based on this analysis, IAG identified potential buyers who would be a good fit for the business.
One of the challenges in selling a business like Gilbert Electric Contractors is finding the right buyer. The owners of Gilbert Electric Contractors wanted to ensure that the business would be in good hands and that the new owners would continue to provide quality workmanship and excellent customer service. IAG was able to identify several potential buyers who met these criteria and who were also interested in acquiring a well-established electrical contracting business.
After presenting the business to several interested buyers, IAG was able to negotiate a deal with the right buyer. The new owners were a group of experienced electrical contractors who were looking to expand their business and saw the acquisition of Gilbert Electric Contractors as a perfect opportunity. They appreciated the history and reputation of the business and were committed to maintaining the high standards of quality and customer service that had been established over the years.
The sale of Gilbert Electric Contractors was finalized in 2023, and the new owners took over the business shortly thereafter. They have continued to provide the same level of quality workmanship and excellent customer service that Gilbert Electric Contractors was known for, and they have even expanded the business by adding new services and capabilities.
The new owners are committed to maintaining the high standards of quality and customer service that had been established by Gilbert Electric Contractors, and they are well-positioned for continued success and growth.
“Thank you IAG, this was a process we would not have been able to do on our own!”
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