Arsenal Capital signals continued roll-up of Source platform across the Southeast

Arsenal Capital Partners operating partner Sal Gagliardo framed the Fournier and prior TP Electrical acquisitions as part of a deliberate strategy to build Source into the leading Southeast service provider and to keep pursuing further national expansion — an explicit PE roll-up thesis.

“The recent acquisition of TP Electrical and now Fournier demonstrates our commitment to expand Source into the leading service provider in the Southeast and to better serve our valuable national and local customer base. We will continue to review opportunities for further expansion of Source’s national presence and service offering.”

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