Announced
Completed
Synopsis
World Electric, a speciality distributor of electrical supplies, completed the acquistion of Electric Supply of Tampa, a distributor of electrical, communications and data networking products serving local and international markets, from Supply Chain Equity Partners, a private equity firm. Financial terms were not disclosed. “The dramatic growth that ESI has experienced with Supply Chain Equity Partners has led us to this exciting opportunity. We are thankful for their help and guidance which has enabled our success. What Sonepar will offer our ESI associates in capabilities, resources and professional growth was a key factor in our decision to choose them as our partner. I am very thankful to all our team members, customers, and vendor partners for supporting ESI over the last 53 years and look forward to watching ESI’s continued success as part of the Sonepar family,” Harry Irwin, ESI President and CEO.
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