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Graybar Acquires Shepherd Electric Supply

July 18, 2023
Shepherd is the largest independent distributor headquartered in the Baltimore metro and is ranked #34 on EW’s 2023 Top 150 ranking.

Graybar Electric Supply, St. Louis, has completed the acquisition of Shepherd Electric Supply, Baltimore, MD. Shepherd Electric Supply serves construction, commercial, industrial, and government customers. The company was founded in 1892 and operates five locations in Maryland, Virginia, and the District of Columbia. Last year, Shepherd ranked 13th in Baltimore Business Journal's largest private companies list and was voted as one of Baltimore Sun's Top Workplaces. The company also ranked 34th on Electrical Wholesaling's 2023 Top 150 Electrical Distributors list. As a subsidiary of Graybar, the company will continue to operate under the Shepherd Electric Supply name with the same leadership team, employees, and suppliers.

"Shepherd is a highly respected company that aligns with Graybar's values, culture and strategy," said Kathleen Mazzarella, chairman, president and chief executive officer of Graybar, in the press release. "With its longstanding presence and strength in the Washington-Baltimore metropolitan area, we believe this acquisition provides a solid foundation for accelerating our growth. We are delighted to welcome the Shepherd team to Graybar and look forward to achieving success together."

"Shepherd and Graybar complement each other well, with similar core values and a shared focus on building long-term customer relationships," said Stuart Vogel, CEO of Shepherd. "Throughout our 131-year history, our people have always been the key to our success. Becoming part of a successful, employee-owned company like Graybar allows us to sustain our distinctive culture and positive work environment, while also creating new opportunities to expand our service capabilities and grow our business for the future."