Mayer Electric Supply Co., Birmingham, Ala., will be expanding into the Dallas area with the acquisition of Mustang Electric Supply in Lewisville, Texas, a growing suburb just northeast of Dallas. Mustang Electric Supply opened in 1998 and occupies a 40,000–square-foot facility just off of the Sam Rayburn Tollway. The company serves commercial and residential contractors in a market driven and supported by the industrial, commercial and institutional markets in both the Dallas and Fort Worth areas.
Wes Smith, president of Mayer Electric, said in a press release announcing the acquisition, “Our expansion plans include locations throughout the South, and the chance to have an organization like Mustang join the Mayer team just doesn't happen very often. After assessing the market, product lines, and operational requirements, we are confident that this will be a great foundation for growth for Mayer, the associates at Mustang, and the customers they serve.”
Bill Jett, CEO of Mustang, said in that press release, “We've known of Mayer for a long time and have always heard good things about them. Over the course of the last several months we've learned a lot more about their people-oriented culture that has earned them numerous Best Places to Work awards, so we are very confident in this fit for our employees.”
Mayer has no immediate plans to change the name of the company, said Smith in the press release. “We rely heavily on the local manager to make that call,” he said. “We have the utmost respect for the owners of Mustang and recognize that it is their name that is well known by the customers in the Dallas/Ft. Worth market.”