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STANDARD ELECTRIC ACQUIRES WELLESLEY ELECTRIC Wilmington, MA (SEPTEMBER, 2004) - Standard Electric, headquartered in Wilmington, Massachusetts and one of the country's largest independent electrical distributors, has again strengthened its presence in the Massachusetts market with the acquisition of Wellesley Electrical Supply, Inc. Located at 20 Kearney Road in Needham Heights, this facility is just minutes off route 95/128 and will continue to operate as a supply counter and lighting showroom providing an extensive range of electrical, lighting and telecommunications products to the local marketplace. Wellesley's former owner Tim McInerney will continue to run the day-to-day operations. Wellesley Electric was founded in September, 1985 in Wellesley Massachusetts and in August of 1995 moved it to its present location in Needham. "The acquisition of Wellesley Electric continues our growth strategy which is aimed at expanding our geographic coverage to better serve our existing and growing customer base. This acquisition follows our 2004 new branch openings in the north central (Ayer) and southeastern (Rockland) Massachusetts markets" said Dennis Miller, Standard Electric's president and CEO. Founded in 1952 and headquartered in Wilmington MA, Standard Electric has continued to diversify and expand now operating 16 locations throughout New England and ranks among the top electrical distributors in the nation. Standard Electric is a leader in servicing the construction, commercial, industrial and national retail markets with lighting, power distribution, telecommunications and electrical supply products. For more information about Standard Electric please contact Kurt Schaefer, Director of Marketing, at (978) 988-3115 or kschaefer@standardelectric.com. |
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