CED Acquires Aroostook County Electric Supply in Maine

CED’s Yankee division acquired Aroostook County Electric Supply (ACES), a one-location distributor in Caribou, ME. According to a CED Yankee Division LinkedIn post and a report by David Gordon in Electrical Trends, ACES is more than 50-years-old, with revenues of about $3 million. The Electrical Trends’ report said the business was owned by Steven Arey, who is retiring, and that CED is rebranding the company to Gilman Electrical Supply, which was established in 1961 by Goody Gilman and is a brand of CED and operates under the Yankee Division. Gilman has 10 locations in Maine.