Ewing-Foley Inc. (EFI), Cupertino, CA, has reached a definitive agreement to acquire the Ryall Group, Denver, as part of the company's continued expansion efforts into the Rocky Mountain region. The Ryall Group has served that market area for four decades. The combined entities will operate as Ryall Ewing-Foley and will begin operations together with an organizational strength of over 20 sales and marketing professionals resident in the region.
A company press release said the Ryall Ewing-Foley team in Denver will be supported by additional marketing, inside sales, HR, finance, and business system support personnel currently deployed at other EFI locations. Dan Ryall will become VP of the Electrical Division for EFI's Mountain Region, which will continue operations out of the existing Ryall Group Denver office location.
Both firms believe that to be most effective in today's rapidly consolidating market, agencies must combine traditional territories and create business zones that more accurately reflect their customers' cross-territory needs. The agency aims to deliver the highest level of customer service, specification, customer training, and channel support seamlessly across the Western US.
Gary Lessing, Ewing-Foley president, and CEO, said in the press release, "Ewing-Foley and Ryall Group are among a small number of remaining independent electrical manufacturers' representatives across the country who have complementary and contiguous territories, synergistic line cards and who possess the business acumen to make one plus one equal three. This is an exciting opportunity for both firms, our principals, and customers. We welcome the entire Ryall team to our organization."
Dan Ryall, President, and CEO of Ryall Group, added, "We investigated several strategic options for our company and felt EFI was hands down our best choice in helping us scale to the next level. We recognized that we needed the back-office support and business systems EFI has successfully deployed across their other territories to achieve our goals. Developing this capability is a long and costly journey for any representative firm, and we are fortunate to leverage the years of work EFI has done in this area."
The company expects little disruption during the integration process as all existing personnel from both agencies are expected to join the combined entity. Customers and Manufacturers should continue interacting with their existing contacts at both firms. The company anticipates completing its integration efforts in the next 60 days.
Ewing-Foley Inc, founded in 1967 and headquartered in Cupertino, CA, provides complete sales and marketing services to the electrical industry from its eight locations in the western United States. In addition to the company's Electrical Division, the firm operates independent business units supporting the Networking and Electronic component sectors.