Hughes Supply Plans to Acquire Utiliserve Holdings to Bolster Utility Presence

With an eye on expanding outside of the Southeast, Hughes Supply Inc., Orlando, agreed to acquire Utiliserve Holdings Inc., and its subsidiaries, including Utiliserve Inc., a Corinth, Texas, electrical transmission and distribution products distributor. The stock purchase deal is valued at about $90 million in cash.

Utiliserve Inc. was formed in 1999 when Temple Holding Co., Corinth, Texas, acquired Vanyo Inc., Somerset, Pa.; Power Supply Inc., Matthews, N.C.; National PowerX, Solon,

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