#United States #Tennessee #Cape Electrical #Power Supply

Cape Electrical Supply Acquires Power Supply Company LLC

In a significant move within the electrical distribution sector, Cape Electrical Supply has successfully acquired Power Supply Company LLC, a prominent electric utility distributor located in Tennessee. This acquisition not only strengthens Cape's footprint in the marketplace but also enhances the operational capabilities of both companies, creating a fusion of expertise.

Founded in 1999 by experienced professionals John Kosky and Rob Jenkins, Power Supply Company has been operating for over two decades, providing high-quality electrical products and services to clients across Tennessee, Georgia, and Alabama. This acquisition represents a pivotal moment for Power Supply as it transitions to a division under the umbrella of Cape Electrical Supply, which is known for its robust service offerings across various sectors including utility, commercial construction, industrial, and residential.

The deal marks Cape Electrical Supply’s first major foray into Tennessee, filling a gap where it previously had limited presence. Cape, as a wholly-owned subsidiary of Graybar and an employee-owned entity, is poised to leverage Power Supply's established relationships and market knowledge to enhance their operations in the region. The integration is expected to foster a seamless experience for existing customers as both teams work closely together to maintain continuity in service and product offerings.

Cape’s President expressed enthusiasm about welcoming Power Supply’s talented workforce, reflecting optimism about the merged entity’s combined strengths: “Together, we are committed to boosting our capabilities in serving the needs of our clientele while aiming for sustainable growth. This partnership aligns strategically with our long-term vision of expanding our reach and service excellence.”

The acquisition was efficiently orchestrated by Viking Mergers & Acquisitions, with Kyle Valentine and Jeff McKeehan playing pivotal roles in the transaction. Their expertise allowed Power Supply’s founders to focus on their operations while Viking handled the complexities of the acquisition process. Jenkins and Kosky highlighted their appreciation for Viking’s professionalism, which made for a straightforward and less burdensome transition.

Valentine noted, “The alignment between buyer and seller made this transaction a unique opportunity. Both companies share common goals and values, which is fundamental for the future success of this merger.” This acquisition not only signifies growth for Cape but also ensures continued service for Power Supply’s loyal customer base, under the mentorship of both company cultures that value strong customer relationships.

Future Outlook

As Power Supply become integrated into Cape, and with the backing of Graybar, stakeholders anticipate enhanced service delivery in Tennessee's electrical distribution arena. This acquisition paves the way for growth opportunities, with both companies looking forward to tapping into new markets while enhancing their product offerings. Cape Electrical Supply aims to utilize Power Supply’s extensive network and reputation to reach untapped potential customers and expand its market share in Tennessee’s electric utility sector.

In conclusion, the future seems bright for both Cape Electrical Supply and Power Supply Company. The merger is expected to yield significant advantages not just for the companies, but also for the customers they serve, ensuring a reliable and comprehensive offering of electrical solutions in the region. The acquisition underlines a broader trend in the industry where consolidation is key to competitive advantage, particularly in specialized sectors like electrical distribution, where expertise and local knowledge are of utmost importance.