Grainger announced it's closed on the purchase of Alliance Energy Solutions, an energy services company (ESCO) based in Oxford, Conn., with annual sales around $20 million.
Alliance Energy President Kevin Siebrecht and Chief Operating Officer Matt James will continue to lead the operations under the Alliance brand name. Working with Grainger's U.S. business, Alliance will leverage the scale of Grainger's sales network to bring its service capabilities to more businesses and institutions, said the Grainger release.
"This transaction is the first service-based acquisition we're adding to our U.S. customer offering and we anticipate it will help us accelerate our strategy to become our customers' indispensable partner in helping them keep their facilities safe, efficient and functional," said James T. Ryan Grainger chairman, president and CEO.