Electrical product distributor McNaughton-McKay Electric Company, Madison Heights, Michigan, announced on Tuesday that it has reached an agreement in principle to acquire Caniff Electric Supply. Financial terms of the deal, which is expected to close in early December, weren’t disclosed.
Caniff Electric Supply, which is a large independent electrical distributor of construction products in southeast Michigan, was founded in 1982 by Doug and Robert Bemis. It has remained under family ownership. Caniff Electric Supply, which is headquartered in Hamtramck, Michigan, operates out of three locations with 85 employees. It has a full line of products and services for electrical contractors and commercial accounts.
“We are excited to welcome Caniff Electric Supply to our McNaughton-McKay team of employee-owners,” said McNaughton-McKay CEO Donald D. Slominski, Jr. “Caniff’s experienced team and focus on bringing value to its customers aligns well with our business. Together, we will be able to leverage our combined strengths to provide best in class products and services to our customers and have a stronger platform for growth.”
McNaughton-McKay Electric Company, which was founded in 1910 in Detroit, is an employee-owned distributor of electrical products and solutions for the industrial automation, commercial and construction markets. It’s ranked ninth on MDM’s 2021 Top Distributors list in the Electrical, Data & Security Distributors segment.