Electrical Wires

CliftonLarsonAllen helps a family business through ownership transition while providing employees with ongoing opportunities in a growing, like-minded organization.

CLA happenings

CLA Wealth Advisors Represents Nelson Electric in Sale to Revere Electric

  • Ben Axelrod
  • 4/10/2017

April 10, 2017 — In the recent sale of Nelson Electric Supply to Revere Electric Supply Company, CliftonLarsonAllen (CLA) Wealth Advisors acted as Nelson’s trusted advisor to help the company’s owners successfully achieve their key objectives in the ownership transition.

Nelson Electric is a leading electrical distributor in Wisconsin and surrounding states. The company has served its customers for more than 60 years, providing particular expertise in factory automation for critical facility needs. The acquisition gives Revere a larger presence in the Southern Wisconsin market and adds distribution lines to its presence in West Allis and Hartland. The union of Revere and Nelson is expected to foster an unparalleled depth and breadth of products, engineering solutions, and value-add capabilities throughout Southern Wisconsin.

CLA Wealth Advisors helped Tom Leuenberger, Nelson’s president, evaluate his options and ultimately to negotiate the sale to Revere. Ben Axelrod, who leads CLA’s Investment Banking Group, stated, “As Tom contemplated his alternatives, considerations such as the welfare of Nelson’s employees and the Leuenberger family legacy were key factors alongside his own financial goals. The combination with Revere made logical sense and addressed all of Tom’s objectives and concerns.”

“Both Nelson and Revere are family-owned businesses and share a similar history,” Tom added. “We have both built our reputations by instilling passion in our employees for unmatched service based on deep relationships with customers and vendors.”

CLA principal Scott Hess had worked with Tom for over eight years, bringing to Tom and Nelson Electric an array of services for both business and personal financial planning needs. “I was glad to have been able to help Tom and his family successfully write the closing chapter of their ownership of Nelson Electric. Helping our clients achieve their goals and supporting their dreams are part of what we try to do every day at CLA,” said Scott.

Revere is a fourth-generation, family-owned electrical distributor headquartered in Mokena, Illinois.

About CLA

CLA exists to create opportunities for our clients, our people, and our communities through industry-focused wealth advisory, outsourcing, audit, tax, and consulting services. With more than 6,200 people, 120 U.S. locations and a global affiliation, we promise to know you and help you. Investment advisory services are offered through CliftonLarsonAllen Wealth Advisors, LLC, an SEC-registered investment advisor.