Generational Capital Markets, Inc., member FINRA/SIPC, ("GCM") an advisor to privately-held businesses for mergers & acquisitions, is pleased to announce a joint venture of its client Kurz Electric Solutions, Inc., with Colville Capital. The transaction closed July 31, 2013.
Kurz Electric Solutions, Inc., based in Wisconsin, is a leading industrial distributor and service provider of electric motors, power transmission equipment, and variable frequency drives. Kurz provides repair and modification services on all brands of rotating electrical apparatus, offers on-site repair services at wind tower locations and at industrial customer's facilities, and provides specialty motor manufacturing services.
Kurz provides professional grade service on all brands of rotating apparatus, static drives and control, and power transmission equipment on a 24/7/365 basis. Managing Director, Jim Korreck, and Vice President, Phil Pizzurro, led the GCM deal team that advised Kurz Electric Solutions on the transaction. Pizzurro stated, "The management team at Kurz did a fantastic job building a truly great company and the Colville team is a perfect partner, sharing common business philosophies and growth strategies for the future.
Above all, the new team provides enhanced opportunities for the employees, customers and shareholders of Kurz. We are proud to have played a role in this growth story." Colville Capital is a private equity firm focused on the lower end of the middle market. In partnership with management, they acquire controlling interests in companies with values ranging from ten to fifty million dollars. The firm's interests include manufacturing, distribution and service businesses across the country.