St. Louis-based electrical, communications and data networking products distributor Graybar on July 17 announced it has completed the acquisition of Shepherd Electric Supply.
Based in Baltimore, the electrical distributor serves construction, commercial, industrial and government customers. and operates five locations in Maryland, Virginia, and the District of Columbia. The company ranked 34th on Electrical Wholesaling magazine’s 2023 Top 150 Electrical Distributors List with a 2022 revenue of $429 million.
“With its longstanding presence and strength in the Washington-Baltimore metropolitan area, we believe this acquisition provides a solid foundation for accelerating our growth,” said Graybar Chairman, President and CEO Kathleen Mazzarella.
As a subsidiary of Graybar, the company will continue to operate under the Shepherd Electric Supply name with the same leadership team, employees, and suppliers.
This is the second big deal Graybar — ranked as the No. 3 Electrical Distributor and No. 20 Industrial Distributor on MDM’s 2023 Top Distributors List with a 2022 revenue of $10.5 billion — announced this year. In April, Gray announced it has entered into an agreement to acquire Valin Corp., a distributor of automation, filtration, fluid handling, heating and process control products and systems.
In June, Graybar also appointed a head of acquisitions and financial planning.