# Electra USA acquires 51% of Hellman Electric and Gilston Electrical

Electra USA, a subsidiary of Electra Group, is acquiring 51% of the share capital of Hellman Electric and Gilston Electrical, both New York-based electrical contractors.

- Type: Acquisition
- Announced: 2019-03-14
- Where: New York, New York, United States
- Status: announced
- Products: electrical contracting services
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Electra](https://endata.com/companies/15309.md) (acquirer)
- [Electra USA](https://endata.com/companies/38001.md) (acquirer)
- [Hellman Electric](https://endata.com/companies/38002.md) (target)
- [Gilston Electrical](https://endata.com/companies/38003.md) (target)

## Sources

- [electricalmarketing.com](https://www.electricalmarketing.com/news/article/20916030/electra-usa-invests-in-new-yorks-hellman-electric-and-gilston-electrical), 2019-03-14: "This influx of resources will allow us to make strategic hires, grow our project base and further establish Hellman as the preeminent electrical contractor in the New York metro region."
- [ewweb.com](https://www.ewweb.com/news/mergers-acquisitions/article/20924231/electra-usa-invests-in-new-yorks-hellman-electric-and-gilston-electrical), 2019-03-14: "Electra is acquiring 51% of the share capital of Hellman Electric, and well as another New York-based electrical contractor, Gilston Electrical."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.