Vetus Partners (Cleveland): John Skelly has joined the investment bank Vetus Partners as a managing director. He previously focused on the wholesale distribution sector of PCE Investment Bankers. His other distribution industry experience includes serving as a director of business development for Home Depot and director of M&A for Hughes Supply Inc. Skelly has worked with on M&As for W.W. Grainger, HD Supply and Hughes Supply and other distributors.
Some of his recent distribution transactions include representing W.W. Grainger in its acquisition of Imperial Supplies from American Capital, and representing Thomas Pipe & Supply Co. in its sale to Gen Cap America. He also served as a member of the Distribution Investment banking team at Robert W. Baird & Co. Over his career Skelly has executed transactions in the wholesale distribution sector with over $5 billion of total enterprise value. Details
Archive for March 16th, 2010
Skelly Signs On With M&A Firm Vetus Partners
EMCOR Government Services Unit Promotes Shelton, Gleeson and Rodgers at
EMCOR (Norwalk, Conn.): The company’s Government Services unit, which provides mechanical, structural, HVAC, plumbing and other engineering services for federal facilities, announced several senior appointments. Michael Shelton has been appointed chairman, EMCOR Government Services (EGS); Joseph Gleeson has been appointed EGS president; and Michael Rodgers has been appointed senior V.P. of operations., EMCOR Government Services. Details
Federal Signal Forms New Division
Well-known in the electrical business for its lights, sirens and notification systems, Federal Signal, Oak Brook, Ill., is forming a new division, the Federal Signal Technologies Group (FSTech). The FSTech unit will be comprised of the company’s new products and services in electronic toll collection, vehicle identification, Radio Frequency Identification (RFID). Details
Ideal’s DiDonato Promoted to General Manager-Wire Termination
Ideal Industries (Sycamore, Ill.): David DiDonato has been promoted to general manager-wire termination. An eight-year Ideal veteran, he was previously Southwest regional manager. Prior to joining Ideal, DiDonato was with SupplyForce and Allen-Bradley. He has a B.S. in mechanical engineering from Union College.
Energy Star Criteria for LED Lamps
The U.S. Department of Energy has published Energy Star criteria for LED lamps, posted by Jim Brodrick, the DOE’s point-person on solid state lighting (and various other matters) via the LightNow blog. The criteria, which apply to “integral” LEDs for replacement applications, take effect Aug. 31, 2010.
Says Brodrick, “…a profusion of LED replacement products has entered the marketplace, and many of them are disappointing, to put it mildly. In general, performances haven’t lived up to the claims. That’s a guaranteed recipe for consumer dissatisfaction. Publication of the new ENERGY STAR criteria for integral LED lamps is a key step in creating order out of this chaos.”