Mayer Electric Supply Co., Birmingham, Ala., plans to acquire Mustang Electric Supply, a one-location electrical distributor in Lewisville, Texas, a growing suburb just northeast of Dallas, as part of a move to expand its coverage in the south.
“Our expansion plans include locations throughout the southern U.S. and the chance to have an organization like Mustang join the Mayer team just doesn't happen very often,” said Wes Smith, Mayer's president.
Mayer has 50 locations throughout its core territory in the Southeast. Its operations cover Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. The move into Texas marks the company's first expansion outside the Southeast, and its first move into a new state since it acquired Biloxi Electric Supply back in 2006, according to Electrical Marketing newsletter's archives.
Mustang Electric Supply opened in 1998 and occupies a 40,000-square-foot facility just off of the Sam Rayburn Tollway. The company serves commercial and residential contractors in a market driven and supported by the industrial, commercial, and institutional markets in the Dallas-Fort Worth area.
Bill Jett, CEO of Mustang, told his team that he could not have imagined a better choice than Mayer, according to a Mayer release announcing the deal. “We've known of Mayer for a long time and have always heard good things about them,” he said. “Over the course of the last several months we've learned a lot more about their people-oriented culture that has earned them numerous “Best Places to Work” awards, so we are very confident in this fit for our employees.”
“Mayer's powerful systems and services capabilities and strategies for growth have made us even more impressed,” added Mustang President Wink Benbow.
Among the prizes for Mayer in the acquisition is Mustang's subsidiary, Data Center Supply, which provides products, maintenance, installations and emergency materials to data centers throughout the Dallas-Fort Worth area.