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Springfield Electric Supply to Buy Tri-State Lighting & Supply
Springfield Electric Supply Co., Springfield, IL, and Tri-State Lighting & Supply, Evansville, IN, have signed a letter of intent under which Springfield Electric will purchase the assets of Tri State Lighting & Supply, an electrical wholesaler in southern Indiana and northern Kentucky. Tri-State will join Springfield Electric April 1. The name will remain Tri-State Lighting & Supply, a branch of Springfield Electric.
“We are excited to welcome Tri-State to our Springfield Electric family,” said Chris Scarbrough, Springfield Electric CEO, in the press release. “Tri-State has a keen focus on the customer and a strong reputation supplying electrical contractors in the Evansville, IN market area. Tri-State is highly respected by their supplier partners. The family culture of Tri-State is very similar to Springfield Electric, which makes this opportunity so exciting.”
Springfield Electric supplies products to construction, industrial and OEM customers. The partial employee-owned company will have more than 325 employees with 17 branches in four states with the Tri-State acquisition. The company was ranked #57 on Electrical Wholesaling’s 2017 Top 200 listing with $160 million in 2016 sales.