Van Meter Inc., a 50% partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, announced April 5 their intent to make a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to close on April 30.
“For 20 years, Van Meter and the MacDonald family have proudly owned and supported a successful and growing business in Minnesota. We find ourselves mutually understanding that our shared Minnesota business could reach even greater potential through the efficiencies and market influence gained by being owned by one company,” says Lura McBride, president and CEO of Van Meter.
Werner Electric of Minnesota is headquartered in Cottage Grove, Minnesota, and operates eight electrical supply locations — six in Minnesota and two in Wisconsin. The company employs 325 people and provides electrical and automation services, supplies, and solutions to industrial, contractor, and renewable energy customers across the northern region of the United States.
Iowa-based electrical distributor boosts portfolio by adding Wichita, Kansas-based, single-branch company in an asset sale.
Fargo, N.D.-based electrical distributor Border States Electric unveils new regions designed to “better serve customers and support manufacturers.”
Newly appointed EVP Jennifer L. Honeycutt will be responsible for a handful of Danaher's business…