Graybar Acquires Shepherd Electric Supply

St. Louis-based Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, has completed the acquisition of Shepherd Electric Supply, based in Baltimore, Maryland.

Shepherd Electric Supply is an electrical distributor that serves construction, commercial, industrial, and government customers. Founded in 1892, Shepherd Electric has five locations in Maryland, Virginia, and the District of Columbia. Last year, Shepherd ranked 13th in Baltimore Business Journal’s largest private companies list and was voted as one of Baltimore Sun’s Top Workplaces. The company also ranked 34th on Electrical Wholesaling magazine’s 2023 Top 150 Electrical Distributors List. As a subsidiary of Graybar, the company will continue to operate under the Shepherd Electric Supply name with the same leadership team, employees, and suppliers.

“Shepherd is a highly respected company that aligns with Graybar’s values, culture, and strategy,” said Kathleen M. Mazzarella, Chairman, President & CEO of Graybar. “With its longstanding presence and strength in the Washington-Baltimore metropolitan area, we believe this acquisition provides a solid foundation for accelerating our growth. We are delighted to welcome the Shepherd team to Graybar and look forward to achieving success together.”

Added Stuart L. Vogel, CEO of Shepherd, “Shepherd and Graybar complement each other well, with similar core values and a shared focus on building long-term customer relationships. Throughout our 131-year history, our people have always been the key to our success. Becoming part of a successful, employee-owned company like Graybar allows us to sustain our distinctive culture and positive work environment, while also creating new opportunities to expand our service capabilities and grow our business for the future.”

Related Articles

Latest Articles

  • The IALD Establishes New Chapter for Southeast United States

    The IALD Establishes New Chapter for Southeast United States

    May 24, 2024 American lighting design professionals in seven southern states now have IALD, a dedicated professional community in which to interact and engage. As part of the support and advocacy for lighting designers provided at global, regional, and local levels, the International Association of Lighting Designers has established a chapter for Alabama, Florida, Georgia, Mississippi,… Read More…

  • TALQ Consortium Released Version 2.6.0 of the Smart City Protocol

    TALQ Consortium Released Version 2.6.0 of the Smart City Protocol

    May 24, 2024 The TALQ Consortium has released a new version 2.6.0 of its Smart City Protocol, a global interface standard for smart city device networks. Continuous evolution of the protocol ensures the interface standard constantly adapts to changing market needs. Version 2.6.0 introduces a new Cabinet Control profile, an extension of active periods and… Read More…