Matrix Capital Markets Group sold Richmond Electric Supply Co to Locke.

Matrix Capital Markets Group, a leading, independent investment bank, sold Richmond Electric Supply Co, which provides electrical apparatus and equipment wiring supplies, to Locke, an employee-owned plumbing, electrical, and HVAC distributor. Financial terms were not disclosed. John Orman III, President and CEO of Locke, said, “We are excited to welcome Mike and the entire RESCO team to our family of employees. Locke is committed to growing in every way possible and this addition provides all of us a tremendous opportunity. The growth potential is limitless, and we intend to take full advantage. We are thankful for the support of RTK and counsels on both sides for their support during this process.”