Green Mountain Electric Supply continues it’s dual growth strategy of organic and via acquisition. The company has now moved into Massachusetts with its eighth acquisition in less than three years. Earlier this week the company announced the acquisition of Atlantic […]
Q4 started with a bang with two more electrical distribution acquisitions being announced. Schaedler Yesco announced that they have acquired Clarion Electric, a two branch Eaton distributor in Northwest Pennsylvania. Schaedler Yesco now has 29 locations. And last week Facility […]
Within the past couple of year’s Sonepar USA set an objective of $1 billion per OpCo (operating company). Whether the goal came from corporate or from US headquarters, the company is well on its way to achieving its goal in […]
CED, one of the industry’s largest electrical distributors and probably Hawaii’s largest distributor with 5 locations in the state, two of which are in Maui, is giving back. According to a note from CED: “On August 8, 2023, a devastating […]
Electrical Cable Supply (ECS), Canada’s leading independently-owned provider of electrical wire and cable, is thrilled to announce the appointment of Christy Morrison as President. “Christy’s addition to the team will be pivotal for the future growth and continued success of […]
Recently Wesco filed an 8-K with the SEC and they shared their recent Investor Overview which had some interesting information. Key points, from an electrical viewpoint, included: While the company finished 2022 with $21.4 billion in sales, 41% of the […]
According to a distributor friend, the third electrical distributor acquisition of Q3 occurred earlier this month in Atlanta. And I was able to confirm it via social media. Eckart Supply, an Indiana-based distributor that was ranked #110 in the latest […]
E-commerce, defined as “website ordering, continues to be low for electrical distributors according to the NAED 2022 PAR report but by no means does this diminish the importance of distributor websites. According to the PAR report, which aggregated information from […]
In a “down” market, are contractors loyal? And the definition of “down” depends upon where you are and what you compare against. Versus the “go-go” days of the past year? Yes, then many are down, or not having the same […]
The technology topic of the year has been, and will continue to be, AI. In reality, much of AI is really ML (machine learning) but it’s not as “sexy” to talk about data being built into algorithms, to mine data […]
