Amped Electric Acquires LEED Electric: A New Era for Employees and Clients

Amped Electric's Acquisition of LEED Electric: A Bright Future Ahead

In a strategic move aimed at securing long-term stability for employees and customers, Amped Electric has successfully acquired LEED Electric, a fixture in the Charlotte electrical contracting market for over two decades. The acquisition, facilitated by Viking Mergers & Acquisitions, underscores a new chapter in LEED Electric’s history, providing both promising growth opportunities and a commitment to customer satisfaction.

A Remarkable Legacy

Established in 1997, LEED Electric has garnered a reputation for excellence in electrical contracting services within Charlotte. With a devoted client base and strong ties to the community, the company's owners, Theresa and John Gilmer, recognized the needs for a transition. As they prepare for retirement, they prioritized ensuring that their employees and customers are well taken care of through this acquisition.

"When John and I decided that we were ready to retire, we reached out to Viking for their assistance," stated Theresa Gilmer. The decision to partner with Amped Electric and Evolution Strategy Partners came from a shared philosophy emphasizing top-tier customer service and a continuous commitment to excellence.

Strategic Benefits of the Acquisition

The acquisition will enable LEED Electric to leverage Amped Electric's extensive resources and industry expertise, enhancing its capacity to deliver exceptional electrical solutions. Michael Jannace, President of Amped Electric, expressed enthusiasm about integrating LEED Electric into their family of companies: "We are thrilled to welcome LEED Electric into the Amped Electric family. Together, we will continue to provide top-tier electrical solutions to our clients while expanding our reach in North Carolina."

John Gilmer, who will remain with the company during the transition, emphasized the importance of the acquisition for employees and stakeholders alike. He remarked, "It is very important to us that our employees and customers ultimately benefit from the sale."

The Role of Viking Mergers

Viking Mergers & Acquisitions played a crucial role in this transaction, guiding the Gilmer family throughout the process. Their expertise ensured a smooth transition, helping facilitate discussions and address concerns, ultimately creating a successful agreement. Gilmer commented on their assistance, saying, "We are very pleased with the job Jeff Edge and Jay Offerdahl at Viking did. They were there from the beginning and beyond the transaction's closing, answering questions and managing the process diligently."

This successful acquisition highlights Viking's strong track record in assisting small to mid-market businesses. With a successful closure rate of 85% and notable knowledge in the field, Viking has effectively solidified its presence as a leading business broker in the Southeast.

Conclusion

Amped Electric’s acquisition of LEED Electric not only marks a pivotal moment in the company's journey but also signals exciting prospects for employees and customers moving forward. With this change, LEED Electric is poised to expand its service offerings while maintaining its commitment to quality and integrity. As the electrical contracting landscape continues to evolve, this merger positions both companies for success in the years ahead. The future is bright—and the Amped Electric family is ready to embrace it together.