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Independent buys Kearny, including Anchor

Independent Electric Supply Inc., San Carlos, Calif., bought all the assets of Kearny Electric Supply Co., San Diego, and its fully-owned subsidiary, Anchor Electric Supply, Huntington Beach, Calif.

Kearny Electric has two locations in southern California and a total of about 36 employees. The company had 1998 sales of approximately $16 million. Anchor Electric is a wholesale electrical distributor in the residential, commercial and industrial markets, with two locations in southern California that employ about nine people.

Kearny Electric and Anchor Electric will continue to operate at the same locations under the Independent Electric Supply name.

Management of both companies is expected to remain the same, Snow said. Glen Roberts, former president of both Kearny Electric Supply and Anchor Electric Supply, has been named district manager of the four Kearny/Anchor branches. Richard Synnott, chief financial officer of Kearny Electric, has been named credit manager for Independent Electric Supply's southern California district, which comprises nine branches.

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