Burk Burkhardt has worked on acquisitions of electrical distributors for more than 20 years at HT Capital Advisors. The company is an investment banking firm with a major focus on the electrical wholesaling industry, and over the years it has represented the owners of many electrical distributors in mergers and acquisitions.
Madison Electric Products, Cleveland, has acquired Smart Pathways, a manufacturer and distributor of Smart LB telecommunications conduit bodies. It’s the second company Madison has acquired through the Sparks Innovation Center, the company’s crowdsourced product development platform....More
Eaton Corp., Cleveland, has purchased Ephesus Lighting Inc., Syracuse, N.Y., to add its LED luminaires for sports venues to its lighting operations, which include the former Cooper Lighting businesses and Crouse-Hinds....More
WESCO International Inc., Pittsburgh, has acquired Needham Electric Supply. Headquartered in Canton, Mass., Needham generates approximately $115 million in annual revenues through 24 locations sin Massachusetts, New Hampshire and Vermont and national lighting accounts....More
Acuity said it has an agreement to acquire all of the equity interests of Juno Lighting LLC. Acuity highlighted Juno’s strength in downlighting and track lighting fixtures for residential and commercial applications....More
In recent years, distributors have seen their markets drastically change with new competitors and new product categories appearing almost daily, and customers wanting to change the way they buy products and services. And when markets change, distributors must change....More