To all AEC Customers and Industry Colleagues
From the desk of Brad Salamone
RE: AEC Acquisition Announcement.
I am pleased to announce today a new strategic investor that will bolster Atlantic Energy Concepts (AEC’s) ability to expand, grow, and continue delivering innovative and customized energy efficient lighting solutions for the ESCO and C&I industry we presently serve. We are excited about the opportunities to accelerate our leadership in the fast-growing, ever-changing lighting industry. Schaedler Yesco Distribution, Inc. (SYD) has signed a definitive agreement to acquire Atlantic Energy Concepts and become our new majority investor. The agreement is effective immediately but subject to satisfactory completion of customary regulatory requirements. SYD is the largest, independent electrical distributor headquartered in Pennsylvania since 1924.
SYD will give AEC the ability to leverage its strong reputation and resources and accelerate nationwide adoption of our industry-leading energy solutions. SYD is the perfect partner for AEC as we continue to expand and grow our business, and we’re elated to become a part of such a prestigious and innovative organization.
Our companies already share many customers and business partners, and we intend to enhance and expand these essential relationships. As a result of our business combination, our customers and partners will now have access to an extraordinary portfolio of products and services.
Following the close of the acquisition, AEC will operate as a standalone business unit – albeit with increased resources and capabilities from SYD – with continued enhancement of the services, products and support we provide you. AEC will continue to operate under the AEC brand without any reduction in our services, technology portfolio or support.
The AEC management team will continue to operate the business unit, and I will remain AEC’s General Manager. The same dedicated AEC employees you work with today will be here as well.
We are dedicated to maintaining and increasing the quality of innovation, support, and service that you have come to expect from our companies. Both AEC and SYD are very grateful to our partners and customers who have already chosen our companies for their lighting needs, and we greatly appreciate the partnership. As we proceed with our integration in earnest, we expect many questions. We will be adding an FAQ document to this web page in regard to the acquisition. We look forward to keeping you up-to-date on our progress.
This is an exciting time for AEC. We’ve grown from a professional services organization to one of the most respected lighting installation and engineering companies dedicated to meeting customers’ energy needs. I look forward to taking AEC to the next level, backed by the support of SYD, and our continued relationship together.
We will share more information with you upon close of the acquisition.