Hagemeyer to buy Bryant Electric
Hagemeyer North America has acquired Bryant Electric Supply Co. Inc., Lowell, N.C. Bryant will be merged with Hagemeyer's Carolinas business unit.
Bryant Electric Supply will continue to operate under the same name. Harry Bryant Jr., president of Bryant Electric Supply, will remain with the company as director of customer development. Randy McCurry will continue to manage the operations.
With 104 employees, five branches and $50 million in annual revenue, 60-year-old Bryant Electric Supply ranks as the nation's 145th-largest electrical distributor, according to Electrical Wholesaling magazine's 2007 Top 200 listing. The company has branches in Charlotte, Laurinburg, Lowell, and Hickory, N.C., and Rock Hill, S.C. Hagemeyer North America is the nation's 15th-largest electrical distributor, according to EW.
Home Depot Agrees to Revised Terms for Sale of HD Supply Unit
Home Depot Inc., Atlanta, has agreed to sell its distribution business, HD Supply, for $8.5 billion, nearly $2 billion less than it originally agreed on, to a group of private-equity firms.
Home Depot said earlier this month that it was in talks to renegotiate the terms of the June agreement with Bain Capital LLC, Carlyle Group and Clayton, Dubilier & Rice Inc., and that the sale price could be reduced.
As part of the amended purchase and sale agreement, Home Depot will purchase a 12.5 percent equity interest in the whole business for $325 million and will guarantee a $1 billion senior secured loan for HD Supply.
WESCO buys Cascade Controls
With an eye on the Pacific Northwest's OEM market, WESCO International Inc., Pittsburgh, acquired Cascade Controls Corp., Tukwila, Wash., in late June.
WESCO already had approximately 30 branches in the Northwest before the deal. Cascade Controls has locations in Tukwila and Spokane, Wash.
Cascade Controls, with approximately 20 employees and annual sales of $11 million, is a well-established automation and controls distributor in the Pacific Northwest that has served machine builders and other end users in Washington, the Idaho panhandle and western Montana for more than 20 years. WESCO will operate the company under the Cascade Controls name as a division of WESCO for at least the near- to mid-term.
Pat Denny and Michelle Cereghino, the previous owners of Cascade Controls, will continue to run the business.
Northeast Electrical Distributors buys Ralph Pill Electric
Northeast Electrical Distributors/Eagle Electric Supply, a subsidiary of Sonepar USA, has agreed to buy Ralph Pill Electric Supply (RPESCO), Boston, one of New England's largest independent electrical distributors.
With 184 employees, RPESCO has 16 locations in Massachusetts, New Hampshire and Maine. The company is ranked as the nation's 60th-largest electrical distributor on Electrical Wholesaling's 2007 Top 200 Electrical Distributors listing. Ralph Pill Electric was established in 1919 by Ralph Pill, a Lithuanian immigrant. His son, Alfred E. Pill, has served as president for the last 50 years.
Ralph Pill Electric is known for its aggressive branch expansion strategy throughout New England and as an early and ardent supporter and member of Affiliated Distributors, King of Prussia, Pa. The company is also well-known in the New England market for its panel board shop.
Kendall Electric buys Roden Electrical
Expanding its geographic reach beyond Michigan and Indiana, Kendall Electric, Battle Creek, Mich., has purchased Roden Electrical Supply Co., Knoxville, Tenn., one of the largest independent electrical distributors in Alabama and Tennessee.
Both companies are distributors of Allen-Bradley/Rockwell Automation products and are strong in the automotive market. Roden is a major Allen-Bradley/Rockwell Automation distributor in eastern and western Tennessee and central Alabama.
Roden Electrical Supply will operate as a subsidiary of Kendall Electric. Roden President Sam McCamy III and Executive Vice President Jeff McCamy will stay with the company, which will continue to operate under the Roden name. Sam McCamy III will become general manager of the Roden division.
Kendall Electric is a full-line electrical distributor serving the industrial, OEM and construction markets since 1930. The company has 45 locations in Indiana and Michigan and more than $400 million in sales. The 100 percent employee-owned company ranks as the nation's 25th-largest electrical distributor, according to Electrical Wholesaling magazine's 2007 Top 200 Electrical Distributors listing.