Written on: October 22, 2021 by ICM
The Shaffer Co., Bristol, CT, has acquired the assets of Beacon Mechanical Service, LLC, an HVAC, plumbing, and heating oil delivery business in Granby, CT. The transaction closed on Sept. 29. Terms of the deal were not disclosed.
Founded in 2003 by members of the Riggott family, Beacon Mechanical began as a one-truck mechanical contracting business operating from a kitchen table. Today, a fleet of 30 vehicles provides dependable service to customers in central Connecticut.
“With our strong emphasis on excellence in delivery and service, we are pleased to now be part of The Shaffer Company because they share those values,” said Nick Riggott.
Patti Riggott added, “Selling to Shaffer is a win for our customers, employees, and the community.”
The history of The Shaffer Company dates to 1890, when it began as a small plumbing shop in Bristol, CT.
“We welcome the Beacon Mechanical team to our growing business,” said David Hrdlicka, President of The Shaffer Co. “Their established Connecticut roots are a great addition to our operations based on a philosophy of ‘Quality & Integrity since 1890.’”
Cetane Associates served as the sole arranger and financial advisor to Beacon Mechanical Service.