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Mayer Electric Supply Co. Inc. will acquire Jones & Lee Supply, Knoxville, TN.
'Jones & Lee is already a very solid distributor in the eastern Tennessee market and together we see that this will foster even quicker growth with customers in Knoxville, as well as the surrounding communities,' said Jim Summerlin, Mayer's president.
Jones & Lee was founded in 1948 and remains a family business. Over the past half century the company has grown from two associates to a team of 26.
As with all acquisitions Mayer makes, there are no immediate plans to change the name of the company. 'We rely heavily on the local manager to make that call. We have the utmost respect for the owners of Jones & Lee and recognize that it is their name that is well known by the customers in the Knoxville market,' said Summerlin.