07/11/2023
Citizens Advises Billows Electric Supply on its acquisition by Cooper Electric, a Sonepar company
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to Billows Electric Supply on its acquisition by Cooper Electric, a Sonepar company.
Headquartered in Delran, New Jersey, Billows Electric Supply is a leading value-added electrical distributor in the Mid-Atlantic region. Established in 1950, the company serves the commercial, institutional and residential end markets, delivering a broad product offering, extensive technical expertise and superior customer service.
Jeff Billow, owner of Billows Electric Supply, said: “My family and company appreciate the invaluable support, expertise and partnership from the Citizens team in helping us achieve our goals. Citizens demonstrated a deep understanding and insight into our business and provided a tailored solution and strategic advice that was instrumental in achieving a successful outcome. The team facilitated a well-structured and efficient process. We look forward to the partnership with Cooper/Sonepar, marking the beginning of an exciting new chapter and promising future for our company.
David Dunstan, managing director at Citizens M&A Advisory, said: “The Billow family and broader management team have built an exceptional business based on superior service, high-quality products and overall dedication to their customers. We are excited to see Billows continue its impressive growth as part of the Sonepar family.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.3 billion in assets as of March 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,400 ATMs and more than 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
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