Latest from Mergers & Acquisitions

Photo 226496518 / mohd izzuan ros / Dreamstime.com
acquisitions_2023_photo_226496518__mohd_izzuan_ros
Border States
10451_2024_socialandnewspostgraphicaaronhughesmerg

Sponsored

Graybar buys North Carolina distributor

April 1, 2003
Expanding its coverage in North Carolina, Graybar Electric Co., Inc., St. Louis, Mo., acquired the assets of Monroe Contractors Electrical Supply, Inc.,

Expanding its coverage in North Carolina, Graybar Electric Co., Inc., St. Louis, Mo., acquired the assets of Monroe Contractors Electrical Supply, Inc., Monroe, N.C. Terms of the deal were not disclosed.

"This acquisition gives Graybar a presence in the fast-growing Union County area and allows us to offer increased coverage to our customers there as well as Monroe Contractors Electrical Supply's current customer base," said Tommy Gurganous, Graybar's Richmond district vice president. Graybar plans to expand the business into the commercial/industrial market.

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.

Sponsored Recommendations