St. Louis-based electrical, communications and data networking distributor Graybar completed its acquisition of Steven Engineering, Inc., an automation, motion control and pneumatic solutions company based in South San Francisco.
Financial terms of the deal were not disclosed.
As a subsidiary of Graybar, the company will operate under the Steven Engineering name with the same leadership team, employees and suppliers.
“We are excited to welcome the Steven Engineering team to Graybar,” said Kathleen M. Mazzarella, chairman, president and CEO of Graybar. “With its reputation for exceptional customer service and advanced technical capabilities, Steven Engineering will accelerate Graybar’s growth and strengthen our position in the industrial automation business.”
Graybar ranks No. 3 on MDM’s Top Distributors list for electrical, data and security distributors with $7.2 billion in 2020 revenue.
“Steven Engineering and Graybar share similar values and a passion for helping our employees, customers and suppliers succeed,” said Bryan Wolfgram, CEO of Steven Engineering. “As part of Graybar, we look forward to sustaining our positive workplace culture, while investing in growth and innovation to achieve long-term success.”