Capstone Partners advised National Grid Energy Management on its divestiture of VAMCO—a natural gas water heater rental company serving the Rhode Island area. Terms of the deal were not disclosed.
National Grid Energy Management is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through New York, Massachusetts, and Rhode Island. The company is a subsidiary of National Grid PLC, a multinational electricity and gas utility company headquartered in London, England and one of the largest investor-owned utility companies in the world.
Founded in 1970, VAMCO is a domestic appliance rental company serving the Rhode Island area. It offers affordable natural gas water heater rentals to both homeowners and renters and offers 24-hour service support.
VAMCO plays an important role in offering affordable Water Heater options throughout Rhode Island. We wish the team at Ross Emergent LLC well as they seek to grow the business.
The expert investment banking professionals on the Capstone Partners’ Industrials team work with leading middle-market companies operating in the HVACR market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Industrials Banking Team, contact us at https://www.capstonepartners.com/industries/industrials/.