Generational Group Advises Luminous Electric in its sale to Liberty Service Partners

By Generational Group

09/05/2024

Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Luminous Electric, to Liberty Service Partners. The acquisition closed August 26, 2024.

Located in Bradenton, Florida, Luminous Electric is a family-owned and operated electrical service company founded in 2011 by John and Jo Leavy. The company serves both homeowners and business owners, providing a wide range of electrical services for residential and commercial properties. With a strong emphasis on delivering exceptional customer service, Luminous Electric values the relationships it has built within the local community, ensuring comfort and safety in all electrical installations and repairs.

Liberty Service Partners, based in Dallas, Texas, is a national leader in premium home upgrades, installations, and services, specializing in HVAC, electrical, and plumbing. Liberty Service Partners was born out of NorthCurrent’s flagship investment in late 2020. NorthCurrent Partners invests in businesses that align with the firm’s operating practices and have the potential for continued growth, long-term success, and value creation.

“We at Liberty Service Partners are thrilled to add them to our growing network of home-grown service businesses throughout the Southeast,” remarks Jason Hiller, CEO of Liberty Service Partners. “Our shared vision of service done at its highest levels provides a great runway for the future of Luminous, it’s customers, and employees.”

“Partnering with Liberty Service Partners has been a very smooth process, and we embrace it as an outstanding opportunity here at Luminous Electric. Primarily, it provides us with the tools for growth for the team. Our team demonstrates eagerness and commitment in providing superb electrical service and we are always eager to accelerate our knowledge and expertise, and Liberty Service Partners has the ability to propel us on this journey. We are very excited for our new adventure,” explains John and Jo Leavy.

Generational Group Executive Managing Director of M&A – Eastern Region, David Fergusson, and his team, led by Generational Affiliate, Anthony Blair, with the support of Vice President, M&A, Emil Nirkis, closed the deal. Executive Managing Director, Ed Weber, and Senior M&A Advisor, Peter Stone, established the initial relationship with Luminous Electric.

Ryan Binkley, CEO of Generational Group, added, “This transaction highlights our commitment to facilitating deals that create lasting value for both parties. At Generational Group, we are proud to have played a role in bringing together two organizations poised for continued success.”