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Hughes Supply buys Fife/Florida Electrical Supply

Dec. 1, 2003
Hughes Supply Inc., Orlando, Fla., expanded its already strong presence in the Florida market with an agreement to purchase Fife/Florida Electrical Supply,

Hughes Supply Inc., Orlando, Fla., expanded its already strong presence in the Florida market with an agreement to purchase Fife/Florida Electrical Supply, a one-location full-line electrical distributor in Tampa. Terms of the all-cash purchase were not disclosed.

Florida Electrical Supply, founded in 1986, has annual revenues of approximately $22 million and a work force of 40 people. The company ranks 248th in the nation among electrical distributors, based on 1997 revenues. The owners of Florida Electrical Supply-Nelson Jefferson, president, and Jack Whitwam, vice president of finance-will continue to manage the business under Hughes, according to a Hughes Supply statement.

Jefferson cited Hughes Supply's economies of scale and financial resources, as well as its track record of customer service, among the reasons Florida Electrical Supply's owners chose to sell to Hughes. David Hughes, chairman and chief executive officer of Hughes Supply, says Florida Electrical Supply was a strategic acquisition in the Tampa market and that he expects the company to expand its business base in the area.

About the Author

Doug Chandler | Senior Staff Writer

Doug has been reporting and writing on the electrical industry for Electrical Wholesaling and Electrical Marketing since 1992 and still finds the industry’s evolution and the characters who inhabit its companies endlessly fascinating. That was true even before e-commerce, LED lighting and distributed generation began to disrupt so many of the electrical industry’s traditional practices.

Doug earned a BA in English Literature from the University of Kansas after spending a few years in KU’s William Allen White School of Journalism, then deciding he absolutely did not want to be a journalist. In the company of his wife, two kids, two dogs and two cats, he spends a lot of time in the garden and the kitchen – growing food, cooking, brewing beer – and helping to run the family coffee shop.

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