Border States Acquires Advance Electrical

The North Dakota-based company reached an agreement to purchase Advance Electrical Supply Co., an electrical wholesale supplier in Chicago.
Border states acquires Advance

Fargo, North Dakota-based supply chain solutions company Border States has a deal in place to purchase Advance Electrical Supply Co., a Chicago-based electrical wholesale supply leader.

Financial details were not disclosed.

Advance’s 100-plus employees serving the Chicago market will join Border States on April 30.

“It’s been awesome to see the success Advance has achieved. We have an incredible group of people and being able to continue to grow at an even faster pace is thrilling,” said Mike Mayworm, Advance co-owner and executive vice president. “I couldn’t think of doing it with anyone else than Border States.”

Border States said Advance has averaged double-digit revenue growth over the past five years, with sales generated primarily in the construction market. Advance will join the East Region of Border States, forming the East North Central Area.

Don Masters, EVP of the East Region, and James Sipe, EVP of Supply Chain of Border States, will lead the integration team, the company said.

“We are excited to welcome Advance Electrical Supply Co. to our employee-owned company,” said Jason Seger, president of Border States. “They are a very successful and well-respected electrical distributor with an outstanding reputation. Their proven track record, Chicago presence and potential for growth makes them a perfect geographic addition. More importantly, their values and belief in strong customer service, strong vendor relationships and the desire for employee ownership align well with our culture.”

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