Last week’s AD / IMARK Electrical merger news was the shocker of the year. Some commented that it may be of the past 5 years whereas others have foreshadowed this by asking “In the world of consolidation, when will the […]
Last week, Electric Supply Center (ESC) and Sonepar’s NorthEast Electrical group announced that ESC was acquired by NorthEast. ESC, ranked last year as #98 on the EW Top 150, which would slot them around $100M, had, according to others in […]
The rep world continues to change. While the past few years have been marked with rep consolidation, the emergence of the mega / “national” rep (really, they are all quasi-national), and reps expanding into new contiguous territories, we’re seeing a […]
The concern that persistently “high” interest rates would affect the acquisition market are proving unfounded. So far this quarter, the electrical distribution industry continues on the acquisition trail. Deals have included: HD Supply acquiring SRS. Graybar’s Valin business acquiring Dynamic […]
Yes, it is April but no this is not an April Fool’s Day joke … Prysmian plans to acquire Encore Wire! The deal was announced early this morning. According to an article on the BusinessWire, “Encore Wire today announced that […]
Last week, another $800 million of independent distributor revenue was absorbed by national chains between Border States’ acquisition of Dominion Electric and Sonepar’s acquisition of Standard Electric and Madison Electric, “sister” companies in Michigan. The acquisition of $374 million Dominion, […]
Recently Graybar announced record sales of $11 billion and, more importantly, a sales increase of 4.8%. Net income increased to $463 million. A “record” is nice, but any growth will generate a new record. While they serve some of the […]
Monday seemingly was just another day in the electrical industry … with acquisitions and mergers being announced. This time it was two acquisitions, which makes three in two days and, by my recollection, sixteen (yes, 16) in the past 60 […]
Last week’s NAED South Central attracted about 610 registrants to Dallas. This was Wes Smith’s inaugural conference as the new President of NAED (after a 40-year career as a distributor.) As is every conference, it was productive if productive is […]
Rep, or in this case, lighting agent, consolidation continues as ORA Lighting & Controls joins forces with Diversified Group to increase presence in NYC. Recently we wrote about how the rep / lighting agent landscape is changing. This is being […]
