Springfield Electric Supply buys Soy City Electric Supply
Springfield Electric Supply Co., Springfield, Ill., has acquired the assets of Soy City Electric Supply, Decatur, Ill. Soy City Electric Supply has been in business for 65 years and is located at 1050 North Main, Decatur, Ill.
In a press release announcing the acquisition, Michael Barker, Springfield Electric's president and COO said, “Soy City Electric Supply has been a very capable and effective competitor for many years. Combining our resources into one expended and strengthened team is a further commitment to our future growth in the Decatur market. We acquired the former Boland Electric in 1997; expanded and built a new facility in 1999, located at 3575 N. Woodford. With the additional resources in experienced personnel and added inventory this consolidation gives us, we plan to increase the services offered and our territory coverage.”
Springfield Electric Supply Company currently employees over 250 associates, has 16 locations in Illinois, Iowa and Missouri and is celebrating its 80thh anniversary in the electrical distribution industry. The company is ranked #56 on Electrical Wholesaling's 2012 Top 200 listing.
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Jim Lucy Blog
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Jim Lucy has been wandering through the electrical market for more than 30 years, most of the time as an editor for Electrical Wholesaling, Electrical Marketing newsletter and CEE News. During that time he and the editorial team for the publications have won numerous national awards for their coverage of the electrical business. He showed an early interest in electricity, when as a youth he had an idea for a hot dog cooker. Unfortunately, the first crude prototype malfunctioned and the arc nearly blew him out of his parents' basement. Before becoming an editor for Electrical Wholesaling magazine and Electrical Marketing, he earned a BA degree in journalism and a MA in communications from Glassboro State College, Glassboro, NJ., which is formerly best known as the site of the 1967 summit meeting between President Lyndon Johnson and Russian Premier Aleksei Nikolayevich Kosygin, and now best known as the New Jersey state college that changed its name in 1992 to Rowan University because of a generous $100 million donation by N.J. zillionaire industrialist Henry Rowan. Jim is a Brooklyn-born Jersey Guy happily transplanted in the fertile plains of Kansas for the past 20 years.