January 15, 2020 | Houston, TX
Galtney Partners and Regent Square Capital join forces to acquire Generator Source, fueling the next phase of the company’s growth and expansion.
Galtney Partners (“Galtney”) and Regent Square Capital (“Regent Square”) have completed the acquisition of Generator Source LLC (the “Company” or “Generator Source”), formerly known as Diesel Service and Supply. Based in Brighton, Colorado, Generator Source is a leading provider of commercial standby generators and related services.
The acquisition, led by Galtney and Regent Square, is a strategic move to enable Generator Source’s future growth and expansion. The Company was acquired from founder and owner Ed Vecchiarelli, Sr., who will continue to serve as a senior advisor, ensuring the continued success and legacy of the business.
Rob Galtney, President of Galtney Partners, commented:
“Generator Source is a respected leader in a fast-growing, highly fragmented industry, and we are excited to be part of the next chapter of the Company’s success. Our partnership will combine their industry expertise with the additional resources that will strengthen and expand Generator Source’s position, driving rapid growth and value creation.”
Eddie Vecchiarelli, Jr., CEO of Generator Source, added:
“We are excited to partner with Galtney and Regent Square. They share Generator Source’s vision for long-term growth, expanding our geographic footprint and sales channels while continuing to prioritize customer satisfaction. Together, we will build on our legacy and take the company to the next stage of success.”
Kyle Brengel, Partner at Regent Square and now COO of Generator Source, shared:
“As a veteran-owned private equity sponsor, Regent Square is committed to building teams that align with our values, and we are confident that our partnership with Galtney and Generator Source will lead to transformative growth in the aftermarket commercial generator industry.”
About Generator Source
Founded in 1981, Generator Source specializes in late model, low-hour commercial standby generators, ranging from 20kW to 4MW. As a pioneer in the used power equipment industry, the company provides best-in-class sales, service, and maintenance. Generator Source’s certified technicians offer in-house and on-call maintenance and repair services throughout Colorado and Southern Wyoming, in addition to its global sales operations.
About Galtney Partners
Galtney Partners is a Houston-based private investment firm that invests in market-leading businesses. It provides strategic oversight, financial resources, and access to a network of top executives to help portfolio companies reach their full potential. Galtney focuses on control and value-add investments in middle-market companies, particularly those that are family- or founder-owned.
About Regent Square
Regent Square is a veteran-owned private equity sponsor based in Pittsburgh, PA. The firm specializes in providing strategic advisory services for middle-market and lower-middle-market businesses, applying leadership principles learned from years of experience in complex environments.