Stuart C. Irby Co. to Acquire Electric Utility Distributor RE Supply
Stuart C. Irby Co., a subsidiary of Sonepar USA, has agreed to acquire Rigby Electric Supply, Inc. (RE Supply).
RE Supply is an electric utility distributor operating out of Rocky Mount, NC, that specializes in servicing municipalities, investor-owned and co-operative electric utilities within North Carolina, South Carolina, Virginia, Maryland and Delaware.
Michael C. Wigton, President of Irby, says, 'RE Supply was attractive because of its position in the fast growing Carolina and mid-Atlantic regions, its specialization in the technical services area and its experienced and knowledgeable employees. This important acquisition provides a unique opportunity for Irby to strengthen our position in the utility market and expand our existing ...