Maurice Electrical Supply Company Inc., Washington, D.C., has been acquired by US Electrical Services, Inc., which is owned by Consolidated Electrical Distributors.
Maurice has been a family-owned independent distributor since 1922.
Chairman and CEO Bruce Kogod will continue with the company as will the entire senior management team. I’m very excited to join the USESI Company and continue to grow our business in the Mid-Atlantic”said Kogod. “This decision was made because it is the best situation for the entire Maurice family of employees as well as the shareholders. The synergies make this a great opportunity to compete and win more business for years to come. Our future is very bright, and I have a big stake in the success of the new company.”
The Maurice branch in Stuart Florida will be rolled into the Florida region of USESI.
The Maurice name will remain.
US Electrical Services Buys Maurice Electrical Supply
Maurice Electrical Supply Company Inc., Washington, D.C., has been acquired by US Electrical Services, Inc., which is owned by Consolidated Electrical Distributors.
Maurice has been a family-owned independent distributor since 1922.
Chairman and CEO Bruce Kogod will continue with the company as will the entire senior management team. I'm very excited to join the USESI Company and continue to grow our business in the Mid-Atlantic"said Kogod. "This decision was made because it is the best situation for the entire Maurice family of employees as well as the shareholders. The synergies make this a great opportunity to compete and win more business for years to come. Our future is very bright, and I have a big stake in the success of the new company."
The ...
Maurice has been a family-owned independent distributor since 1922.
Chairman and CEO Bruce Kogod will continue with the company as will the entire senior management team. I'm very excited to join the USESI Company and continue to grow our business in the Mid-Atlantic"said Kogod. "This decision was made because it is the best situation for the entire Maurice family of employees as well as the shareholders. The synergies make this a great opportunity to compete and win more business for years to come. Our future is very bright, and I have a big stake in the success of the new company."
The ...
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- Filed In: Top Distributor Sectors, Subscriber Only, News, Mergers & Acquisitions, Free, Finance, Electrical
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