Electrical distributor Graybar, St. Louis, Missouri, this week announced it has completed the acquisition of Shingle & Gibb Automation. Financial terms of the deal weren’t disclosed.
Founded in 1933 and based in Moorestown, New Jersey, Shingle & Gibb Automation “provides advanced automation and control solutions to industrial users and original equipment manufacturers (OEMs).” The company, which has five locations in the eastern U.S, will be a subsidiary of Graybar and continue to operate under the Shingle & Gibb Automation name with the same leadership team, employees and suppliers.
“We are pleased to welcome the Shingle & Gibb Automation team to Graybar,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “With its exceptional customer focus and advanced capabilities in industrial automation and control, we believe the acquisition of Shingle & Gibb Automation will accelerate Graybar’s growth and strengthen our long-term position in industrial automation.”
“Shingle & Gibb Automation and Graybar are well aligned, with similar values, a shared focus on growth and a commitment to the success of our customers and suppliers,” said Brian Lepsis, CEO of Shingle & Gibb Automation. “We believe Graybar will honor our company’s long heritage, while enabling us to innovate, grow and thrive for years to come.”