SJE Inc. Acquires Horlick Company in Massachusetts
SJE Inc. is excited to announce that it has purchased Horlick Company, effective March 31, 2022. Horlick ownership recognized that, in order to grow the company and meet customer demand, they needed to find a business partner with additional specialized functional skills and financial resources to invest in the business. SJE is excited to be that partner and to work with Horlick in a mutually beneficial relationship.
“We are excited to welcome the Horlick team to the SJE family. They have built a tremendous business, and we look forward to combining our resources to accelerate growth plans for both organizations,” said Dave Thomas, president and CEO of SJE.
Over the past twenty years, Horlick has established itself as a leading manufacturer of custom control panels and motor-generator sets. Horlick’s commitment to quality and excellent customer relationships will help SJE grow their presence in Massachusetts and the surrounding area. In return, SJE offers additional technical resources and manufacturing capabilities that will augment Horlick’s current capacity and provide access to a broader product offering.
While the acquisition provides growth opportunities for both companies, in many ways it is business as usual. Horlick will continue to operate out of the current facility in Randolph, Massachusetts, marketing under the Horlick brand. Shawn Hennessey, who has managed the day-to-day business for the past 27 years, will continue as Director of Operations.
“We selected SJE due to their similar culture of taking care of their customers, expanded technical resources and their commitment in growing Horlick,” said Hennessey.
SJE looks to partner with companies that have talented employees, opportunities for future growth and a proven track record of strong performance that aligns with SJE’s culture and values. In 2021, SJE acquired two companies: L. W. Allen, based in Wisconsin, and Ohio Electric Control, based in Ohio.
Business Capital Exchange, Robinson & Cole LLP, and Naffah & Company advised Horlick during this transaction.