Green Mountain Electric Supply, Colchester, VT, has acquired certain assets of Scott Electric Supply, located in Fredonia and Depew, NY.
Scott Electric Supply is a two branch, full-service electrical distributor in western New York covering the Buffalo and eastern Lake Erie shore. The company was wholly owned by Sam Scott, who passed away earlier this year. Scott also founded Scott Electric Co., Greensburg PA, where he was the president until 2012 when the company became employee-owned. Scott Electric provided management, operational, accounting and other services to Scott Electric Supply but did not own the business.
Since Scott’s passing, the responsibility of Scott Electric Supply was passed to his living trust and is managed by its trustees. The trustees decided to sell certain assets of Scott Electric Supply to Green Mountain Electric Supply. On behalf of the Trustees, Bob Coletta, assistant general manager and purchasing manager of Scott Electric, said in the press release, “It was a tough decision to make, but in the end, it was the best circumstance for settling Mr. Scott’s affairs with his living trust. Our main concern was making sure all of the employees of Scott Electric Supply would have jobs. Green Mountain was very accommodating and made sure that would be the case.”
Green Mountain Electric Supply has locations in Vermont, New Hampshire, Maine and western NY. The company has aggressively been growing its western NY footprint and now has 18 locations throughout western NY, making it the largest independent electrical distributor in the market. Over the past two years the company has made several acquisitions, including Davis Electric Supply, Buffalo, NY (2022); Generation Electric Supply & Lighting, Liverpool, NY (2022); Falcone Electric Supply, Batavia, NY (2022); Dunn Electric Supply, Binghamton, NY (2021); and Jamestown Electric Supply, Jamestown, NY (2021).
Nathan Laber, president and CEO of Green Mountain, said in the press release, “Scott Electric Supply has a strong presence and great reputation throughout the Buffalo and Fredonia markets. Our vision for growth, coupled with the Scott Electric Supply locations, employees, and customer base makes this an exciting opportunity for us. We look forward to welcoming the Fredonia and Depew Teams to the Green Mountain Electric Supply family.”