MDM Interview: Richard Worthy of US Electrical Services
US Electrical Services Building a Portfolio
August 8, 2006
US Electrical Services LLC has built a $300-million distribution business in the Northeast with three acquisitions since May. The company plans to reach $500 million in revenues by year end. In this interview, President and CEO Richard Worthy discusses USESI's business model, consolidation in distribution, and the goals of private investors.
Richard Worthy is a seasoned veteran of the electrical distribution industry. Before he founded USESI, he was CEO of Sonepar USA, where he led a series of acquisitions for the electrical distribution giant. He is now the professional manager of this new distribution entity, backed by private investors, including Michael Dell of Dell Computers. USESI has focused on the Northeast, but the company has appointed a former regional manager ...