Calder Capital is pleased to announce the successful sale of Bay City, MI-based Wholesale Electric Supply (“Wholesale Electric”) to Consolidated Electrical Distributors, Inc.
Established in 1960, Wholesale Electric is a full-line electrical distributor for commercial and residential lighting and parts. The Company also features a full showroom of high-quality fixtures, fans, decorative lighting, and other decorative items. The Company has developed an outstanding reputation for the quality of products and customer service offered.
With over 55 years of experience, Wholesale Electric has carved out a very loyal customer base with many long-term supply relationships. The Company serves major local builders and contractors who have come to appreciate Wholesale Electric’s customer service.
Consolidated Electrical Distributors, the buyer, is one of the nation’s largest electrical supply distribution networks, with nearly 600 locations in 47 states.
“It was a pleasure working with Rich to find a buyer for this second generation Michigan business. We are seeing a lot of M&A activity as we close 2017 and enter the new year. I am excited to continue working with local businesses that value their employees and communities,” said Max Friar, Managing Partner at Calder Capital.