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Henrietta firm acquires Maine distributor

Henrietta firm acquires Maine distributor

Horizon Solutions, a 160-year-old wholesale distributor of electrical, industrial, and safety solutions, has acquired Bangor, Maine-based N.H. Bragg for an undisclosed sum. The deal closed earlier this year.

Dick Wilson, John Kerkhove, Jim Newton, Jon Eames (N.H. Bragg), and Mike Herrmann (Photo courtesy of Horizon Solutions)
Dick Wilson, John Kerkhove, Jim Newton, Jon Eames (N.H. Bragg), and Mike Herrmann (Photo courtesy of Horizon Solutions)

“We are thrilled at the opportunity to acquire a company with such a rich history like ours. The longevity of our companies is due in part to creating a legacy of integrity, trust and excellence, exemplified in our company cultures that value our customers and our people,” Horizon Solutions President and CEO John Kerkhove said.

N.H. Bragg provides industrial and safety supplies to more than 4,000 customers across New England and employs 60 people. The acquisition will increase Horizon Solution’s nationwide employee base to more than 275.

N.H. Bragg will continue to operate under its name, Kerkhove said, and the company will retain its employees, suppliers and customers. N.H. Bragg President Jon Eames will serve as vice president of the industrial and safety supply division across the Horizon Solutions footprint.

“This union will help us grow while maintaining the excellent quality and service our customers expect, expand our solution offerings and market reach, offer employees more opportunities and build upon our mutual core values,” Eames said. “I’m excited for the future of N.H. Bragg and how the companies can work together to achieve greatness.”

M&T Bank Corp. financed the transaction.

“This acquisition brings together two companies that are steeped in history. Horizon Solutions traces its origins back to 1857, and N.H. Bragg was founded just a few years earlier in 1854,” said Dan Burns, M&T regional president for Rochester. “For more than 160 years they’ve provided local manufacturers and builders with the solutions and tools they need to succeed. As a bank that itself was founded in 1856 to serve Upstate New York’s burgeoning manufacturing industry, our team at M&T Bank was excited to have this opportunity to help our customer build on their history and grow their business.”

Horizon Solutions is headquartered in Henrietta and has 12 branch locations across its footprint.

“At Horizon Solutions, we recognized an opportunity to expand our firm by acquiring N.H. Bragg, a historic company that shares our company culture and commitment to serving customers,” Kerkhove said. “M&T Bank understood our vision and its potential to generate sustained growth for our company. The capital they provided helped us complete the deal and enter the next chapter in our company’s history.”

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