Generators Distributor GenServe Acquires Illini Power Products, Gen-Power - Modern Distribution Management

Log In

Generators Distributor GenServe Acquires Illini Power Products, Gen-Power

GenServe provides scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region.
GenServe provides scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region.
Author
Date

GenNx360 Capital Partners announced Jan. 4 that GenServe, a portfolio company of GenNx360, has acquired Illini Power Products and Gen-Power. Financial details of the deal were not announced.

GenServe is a provider of scheduled and emergency power generator maintenance, repair and sales in the North Atlantic region, also with significant presence across Texas and Florida and serving mainly commercial customers in various industries, the company said.

GenNx360 is a New York-based private equity firm investing in middle market business services and industrial companies.

MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

Illini Power Products provides maintenance and repair services for generators and backup power solutions, as well as generator and related equipment sales. Gen-Power, a sister company to Illini Power Products, provides rental generators and accessories to commercial, municipal and other end markets.

“The acquisition of Illini Power Products and Gen-Power marks another major geographic expansion for GenServe,” said Fred Smagorinsky, GenServe’s CEO. “We are excited to bring their team into the GenServe family and accelerate our growth. We are also pleased that the leadership team from the Company, including their former owner and President, Scott Harbaugh, and their General Manager, Chris Rizzo, will be joining GenServe.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.