• E-NEWSLETTER SUBSCRIPTIONS
  • EW DIGITAL EDITION
  • ADVERTISE

    • Latest from Mergers & Acquisitions

    Border States
    10451_2024_socialandnewspostgraphicaaronhughesmerg
    Photo 226496518 © mohd_ zzuan ros / Dreamstime.com
    acquisitions_2023_photo_226496518__mohd_izzuan_ros

    Sponsored

    1. News
    2. Mergers & Acquisitions

    Independent buys Kearny, including Anchor

    Aug. 1, 2003
    Independent Electric Supply Inc., San Carlos, Calif., bought all the assets of Kearny Electric Supply Co., San Diego, and its fully-owned subsidiary,

    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.

    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.

    Continue Reading

    Sponsored Recommendations