OWENSBORO, KY—Springfield Electric Supply Company and Hannan Supply Company have signed a letter of intent under which Springfield Electric will purchase the assets of Hannan Supply’s Owensboro, Kentucky location only.
“We look forward to adding this new location in Western Kentucky. The Owensboro location will add opportunity for growth, supported by our recent acquisitions in Southern Indiana. The recent acquisitions are elements of our vision for growth. These are exciting times,” says Chris Scarbrough, Springfield Electric CEO.
Hannan Supply Company CEO, Bruce Brockenborough, adds, “As we transition out of the market, I am excited for the opportunity afforded our Owensboro team. They deserve the best and Springfield is truly a world-class operator. This transaction places great people with a great company, and allows Hannan to focus more intently on its Paducah, Hopkinsville and Calvert City markets.”
The Owensboro location name will change to Springfield Electric Supply Company.
Springfield Electric supplies products to construction, industrial and OEM customers. Corporate headquarters in Springfield Illinois.
Tagged with acquisition, Springfield Electric Supply