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,
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.