In a move that would give its utility business a widespread presence in the western United States, Hughes Supply Inc. has agreed to acquire two utility distributors for $123.5 million in cash.
Tom Morgan, president and CEO of Hughes Supply, Orlando, said the acquisitions of Southwest Power, Santa Fe Springs, Calif., and Western States Electric, Portland, Ore., would strategically expand the company’s utilities business to the western and southwestern regions of the United States and C
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