The 2020 Mid-Year Economic Update_long

Hagemeyer Acquires Bryant Electric Supply

Hagemeyer North America has acquired Bryant Electric Supply Company, Inc., Charlotte, NC, to extend its goal of expanding its electrical market penetration in the Southeastern U.S.
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Bryant has annual revenues of $50 million and operates five locations with 100 associates. It is focused in the industrial segment and also serves the Construction and Installation market, mainly non-residential. Bryant will be merged with Hagemeyer's Carolinas business unit. Bryant Electric Supply will continue to operate under the same name.

We're excited to be teaming up with Bryant to further penetrate the growing Charlotte market," said Dave Gabriel, CEO of Hagemeyer North America. "This further strengthens Hagemeyer's commitment to growing our electrical business, building ...

Hagemeyer North America has acquired Bryant Electric Supply Company, Inc., Charlotte, NC, to extend its goal of expanding its electrical market penetration in the Southeastern U.S.
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Bryant has annual revenues of $50 million and operates five locations with 100 associates. It is focused in the industrial segment and also serves the Construction and Installation market, mainly non-residential. Bryant will be merged with Hagemeyer’s Carolinas business unit. Bryant Electric Supply will continue to operate under the same name.

We’re excited to be teaming up with Bryant to further penetrate the growing Charlotte market,” said Dave Gabriel, CEO of Hagemeyer North America. “This further strengthens Hagemeyer’s commitment to growing our electrical business, building local market density and serving the MRO and Contractor & Installer markets, all of which are consistent with our long-term growth strategy. Bryant’s strong history and market penetration coupled with Hagemeyer’s national and global strength makes this an ideal opportunity for us both and for our customers.”

Hagemeyer North America, Inc.(www.hagemeyerna.com/) is a distributor of products and services focusing on business-to-business markets in electrical materials, safety products, and industrial products and services throughout North America. Hagemeyer North America has annual revenues of $1.8 billion and is a wholly owned subsidiary of Hagemeyer N.V.
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Founded in 1948, Bryant Electric Supply Company, Inc. (www.besc.com/) is a distributor of MRO and C & I products and services in the Charlotte, NC , market. It is headquartered in Lowell, NC . The company operates five locations: Lowell, Charlotte, Hickory, and Laurinburg, NC, and Rock Hill, SC.

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