McNaughton-McKay Electric Co., Madison Heights, MI, announced an agreement, in principle, to acquire Caniff Electric Supply, which it says is the largest independent electrical distributor of construction products in SE Michigan.
Caniff Electric Supply, headquartered in Hamtramck, MI, was founded in 1982 by Doug and Robert Bemis and has remained under family ownership. Operating out of three locations with 85 employees, Caniff offers a full line of products and services to electrical contractors and commercial accounts. McNaughton McKay is now ranked #8 on Electrical Wholesaling’s 2021 Top 150 listing, while Caniff Electric Supply is ranked #94 in the Top 150.
“We are excited to welcome Caniff Electric Supply to our McNaughton-McKay team of employee-owners,” said McNaughton-McKay CEO Donald Slominski, Jr., in the press release. “Caniff’s experienced team and focus on bringing value to its customers aligns well with our business. Together, we will be able to leverage our combined strengths to provide best in class products and services to our customers and have a stronger platform for growth.”
Doug Bemis, CEO and owner of Caniff Electric Supply said in the press release, “We have long respected McNaughton-McKay as a tough competitor in the market and are excited to be joining forces to provide broader scale and deeper capabilities to our valued customers. We are looking forward to combining our talents and being better than ever.”
Subject to final definitive agreements, the transaction is expected to close in early Dec. 2021.