January 15, 2020 (Houston, TX) - Galtney Partners (“Galtney”) and Regent Square Capital (“Regent Square”) led 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 market-leading sales and service provider of commercial standby generators and related services. Galtney and Regent Square acquired the Company from founder and owner, Ed Vecchiarelli, Sr., as part of an overall business succession and growth strategy for the Company. Ed Vecchiarelli, Sr. will continue to serve as a senior advisor to the Company.
“Generator Source is a respected leader in a fast-growing, highly fragmented industry and we are excited to be a part of the next chapter of the Company’s success. The new partnership will combine their exceptional industry expertise with added resources that will further strengthen and expand Generator Source’s position in the sector and will allow the Company to achieve rapid growth and value creation,” said Rob Galtney, President of Galtney Partners.
“We are excited to partner with Galtney and Regent Square. They share Generator Source’s long-term vision to expand its geographic footprint and existing sales channels while maintaining its focus on customer satisfaction and retention. We are confident that the new partnership can build on Generator Source’s legacy and allow Generator Source to realize its next stage of growth,” said Eddie Vecchiarelli, Jr., the CEO of Generator Source.
Kyle Brengel, a partner at Regent Square who now serves as COO of Generator Source added, “As a veteran-owned private equity sponsor, Regent Square is keenly interested in building teams that share our values and are dedicated to achieving compelling, principled growth. This partnership between Galtney, Regent Square and Generator Source brings together highly compatible leadership to execute a compelling investment thesis that will be transformative in the aftermarket commercial generator industry.”
About Generator Source
Founded in 1981, Colorado-based Generator Source specializes in late model, low-hour commercial standby generators, ranging from 20kW to 4MW. As a founding member of the used power equipment industry, Generator Source is a go-to resource for customers requiring best-in-class service and quality. In addition to global sales efforts, the Company’s certified generator technicians provide in-house and oncall maintenance and repair throughout Colorado and Southern Wyoming.
About Galtney Partners
Galtney Partners is a Houston-based private investment firm that invests in market-leading businesses, where it provides strategic oversight, financial resources, and access to a network of world-class operating executives to help its portfolio companies reach their full potential. Galtney Partners seeks to make control or value-add investments in middle-market companies, especially family or founder owned businesses.
About Regent Square
Regent Square is a veteran-owned private equity sponsor founded in Pittsburgh, PA. Regent Square specializes in providing strategic advisory services for middle-market and lower-middle-market businesses by applying battle-tested unit leadership lessons.
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