Warshauer Electric Supply acquired Broadway Electric Supply, a 50-year-old distributor in Woodbury, NJ, a Philadelphia suburb.
Jim Warshauer, Warshauer’s president, said in a post on the company’s website, “For over 65 years, Warshauer has seen tremendous growth, usually outpacing industry averages. We have always been proud that our development has been organic and not through acquisition. However, in today’s fluctuating economic climate, coupled with the state of the electrical wholesaling landscape, this acquisition ensures future growth for Warshauer Electric Supply. Broadway, a family-owned business noted for excellent customer service across many different vertical markets, is the perfect addition.”