Sale of Gatto Electric Supply, Inc. to AMP Electrical Distribution Services
• Gatto Electric Supply, Inc. founded in 1954, is a leading wholesale electrical distribution company in the Cleveland marketplace.
• AMP Electrical Distribution Services is an independent investor owned wholesale electrical distribution company founded by Richard Worthy, a highly experienced electrical distribution executive. AMP had previously acquired Leff Electric Services, also located in Cleveland.
• HT Capital was retained by Gatto Electric Supply, Inc. to orchestrate the sale of the business. The objective of the family owners was to affiliate with a strategic buyer with the management and financial resources to enhance the growth of the business.
• HT Capital identified and talked to several potential interested buyers and AMP emerged as the Company that met the owners objectives. The Company will continue to operate as Gatto Electric Supply, Inc.