Schaedler Yesco to Acquire YESCO Electrical Supply
December 16, 2022
Harrisburg, Pa.-based Schaedler Yesco Distribution, Inc. has entered into an agreement to acquire YESCO Electrical Supply, headquartered in Columbiana, Ohio. The deal is expected to close in February.
YESCO Electrical Supply Inc. has been offering expert electrical parts service since 1986. With three locations in Pennsylvania and two in Ohio, YESCO currently supports the needs of the industrial, contractor, commercial, and residential markets. After nearly 37 years in the industry, sale of the business is part of the current owner’s retirement strategy.
Founded in 1924, Schaedler Yesco Distribution is a fourth-generation, family- and employee-owned provider of complete connected solutions for the electrical industry. With 21 locations in Pennsylvania and one in New York, the company offers services and products for lighting, data networking, automation, and industrial needs. The acquisition will streamline logistics and expand services via adjacent markets.
Both companies have progressive business philosophies and a corporate culture that fosters innovation and strategic action. The mutually beneficial transaction reportedly fits the strategic goals of both companies.
“We are very pleased to entrust our team members and customers to Schaedler Yesco,” explained YESCO’s owner and President Lee DeRose. “We have very similar cultures and couldn’t be happier to transition our business to a strong, growing company dedicated to their customers’ success and employee satisfaction. We are confident that this is the best move for all involved.”
Added Schaedler Yesco President Farrah Mittel, “Our growth strategy in our western region has always included geographic expansion. YESCO’s culture and experienced team members will complement our current structure and strategic initiatives as we continue to support our customers with valuable products and services.”
Schaedler Yesco Distribution and YESCO Electrical Supply are committed to a smooth and seamless transition for staff and customers.