Cape Electrical Supply Expands Services with Power Supply Acquisition
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Cape Electrical Supply Expands Services with Acquisition
Cape Electrical Supply, a prominent subsidiary of Graybar, recently announced its strategic acquisition of Power Supply Company, LLC. This significant move highlights Cape Electrical Supply's commitment to bolstering its service capabilities and expanding its market reach.
About Power Supply Company, LLC
Established in 1999, Power Supply Company is recognized as an electric utility distributor. The company has made a solid impact on the industry, serving diverse customers. Moving forward, Power Supply will function as a division under Cape Electrical Supply, maintaining its team and supplier relationships, ensuring continuity for its existing customers.
Statements from Leadership
In expressing excitement about this new chapter, Bryant Summers, President of Cape Electrical Supply, stated, "We are excited to welcome the Power Supply team to Cape Electric. This acquisition broadens our reach, elevates our service capabilities, and creates new growth opportunities for both organizations. We look forward to combining our strengths to serve our customers and achieve long-term success together." Such forward-thinking sentiments reflect the strategic vision of both companies.
Cape Electrical Supply's Operations and Focus
Cape Electrical Supply has been a key player in the market since 1953, carving a niche across various sectors including utilities, commercial construction, and industrial applications. Their footprint includes operations across several states, thus allowing them to serve a wide variety of customer needs. They operate in locations including Missouri, Illinois, Kentucky, Tennessee, Arkansas, and Alabama, contributing to their extensive market influence.
Contact Information
For media inquiries regarding this acquisition or other corporate information, you can reach Kyle Fitzgerald at 573-334-7786.
Frequently Asked Questions
What is the significance of the acquisition by Cape Electrical Supply?
The acquisition allows Cape Electrical Supply to enhance its service capabilities and expand its market reach, which is beneficial for long-term growth.
Who are the key players in this acquisition?
The key player in this acquisition is Cape Electrical Supply and Power Supply Company, with Bryant Summers as President of Cape Electrical Supply expressing excitement over the merger.
When was Power Supply Company founded?
Power Supply Company was founded in 1999, establishing itself as a solid electric utility distributor over the years.
Which markets does Cape Electrical Supply serve?
Cape Electrical Supply serves several markets, including utility, commercial construction, and industrial sectors, among others.
How can customers reach Cape Electrical Supply?
Customers can contact Cape Electrical Supply for inquiries at 573-334-7786.
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