Already a 50% partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, Van Meter intends to make a stock purchase of the remaining business. The sale is expected to close on April 30.
The acquisition is designed to enhance the growing data communications product category within ADI Global Distribution, according to the global manufacturer and distributor of technology-driven products and solutions.
Jim May, who joined the company in 2020, will now be charged with advancing the company’s acquisition strategy and processes.
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