Schaedler Yesco Distribution Inc., Harrisburg, PA, has entered into an agreement to acquire YESCO Electrical Supply, Columbiana, OH. Closing of the acquisition is anticipated in Feb. 2023.
Founded in 1986, YESCO Electrical Supply Inc. has three locations in Pennsylvania and two in Ohio. It currently supports the needs of the industrial, contractor, commercial and residential markets. After nearly 37 years in the industry, sale of the business is part of the current owner's retirement strategy.
Schaedler Yesco Distribution, established in 1924, is a fourth-generation family- and employee-owned provider of complete connected solutions for the electrical industry. With 21 locations in Pennsylvania and one location in New York, the company offers services and products for lighting, data networking, automation, and industrial needs. The acquisition will streamline logistics and expand services via adjacent markets.
Both companies have progressive business philosophies and a corporate culture that fosters innovation and strategic action. The mutually beneficial transaction fits the strategic goals of both companies well.
"We are very pleased to entrust our team members and customers to Schaedler Yesco," said YESCO’s owner and president Lee DeRose, in the press release. "We have very similar cultures and couldn't be happier to transition our business to a strong, growing company dedicated to their customers' success and employee satisfaction. We are confident that this is the best move for all involved."
"Our growth strategy in our western region has always included geographic expansion," added Farrah Mittel, Schaedler YESCO’s president, in the press release. "YESCO's culture and experienced team members will complement our current structure and strategic initiatives as we continue to support our customers."
Schaedler Yesco Distribution is ranked #43 on EW’s 2022 Top 150 Ranking with $266 million in 2021 revenues, 360 employees and 23 locations and YESCO Electrical Supply is ranked #129.