In a move that shocked most in the industry, Prysmian announced its new independent manufacturer electrical sales rep network and all of them are new … the Encore sales organization! As everyone recalls, Prysmian surprised the industry with an announcement […]
Perhaps you remember the playing card game called 52 Pickup (and if you don’t, here’s a link to remind you.) With lighting agents having a minimum of 52 lines, it seems like they are updating their linecard regularly. And sometimes […]
The M&A people at Sonepar, and the M&A people at a number of advisory services supporting electrical distributor continue to be busy. Yesterday Sonepar announced that it acquired Echo Electric Supply. While many may not be familiar with the company, […]
There was a phrase years ago that is attributed to EF Hutton, which was a financial advisory firm that goes “when EF Hutton speaks, people listen.” The inference that they had a wide reach, and somewhen influence. The same goes […]
Nowadays it’s difficult to tell if the US electrical distribution market is following its northern counterpart or if the Canadian market is following the US market. While the Canadian market has historically been 10-12% the size of the US market, […]
The electrical industry has seen much consolidation over the past 4 years. We’ve reported on manufacturer, distributor, and manufacturer representative / agent consolidation. While we have not reported on contractor acquisitions, there has been a trend in service-oriented trades, at […]
Last month nVent announced that it entered a definitive agreement to acquire Trachte, manufacturer of custom-engineered control building solutions designed to protect critical infrastructure assets. The deal closed on July 16th. The original press release was: “Leading manufacturer of custom-engineered […]
MaxLite, a leading innovator in energy efficient Lighting & Controls, is excited to announce the recent addition of Paul Bevilacqua as Chief Financial Officer. Paul brings over 30 years of finance and management experience and a record of accomplishment building […]
Industrial reshoring, which is driving industrial investment; electrification; supply chain issues; utility investments, data centers and more have driven a rise in “new” suppliers supporting electrical distribution. These companies, many previously unknown to electrical distributors, are now seeing the advantages […]
Focused on generating demand for their manufacturers and delivering support for end-users that drives product usage (sales) for distributors, is the core value proposition for independent manufacturer representatives. As described in NEMRA’s 2020 Rep of the Future Report (and if […]
