MADISON HEIGHTS, Mich. — McNaughton-McKay Electric Company announced an agreement, in principle, to acquire Caniff Electric Supply, the largest independent electrical distributor of construction products in SE Michigan.
Caniff Electric Supply, headquartered in Hamtramck, Michigan, was founded in 1982 by Doug and Robert Bemis and has remained under family ownership. Operating out of three locations with 85 employees, Caniff offers a full line of products and services to electrical contractors and commercial accounts.
“We are excited to welcome Caniff Electric Supply to our McNaughton-McKay team of employee-owners,” said McNaughton-McKay CEO Donald D. Slominski, Jr. “Caniff’s experienced team and focus on bringing value to its customers aligns well with our business. Together, we will be able to leverage our combined strengths to provide best in class products and services to our customers and have a stronger platform for growth.”
“Our team is what sets us apart, and we are thrilled to know our great people will carry on as employee-owners of McNaughton-McKay,” said Doug Bemis, CEO and owner of Caniff Electric Supply. “We have long respected McNaughton-McKay as a tough competitor in the market and are excited to be joining forces to provide broader scale and deeper capabilities to our valued customers. We are looking forward to combining our talents and being better than ever!”
Subject to final definitive agreements, the transaction is expected to close in early December 2021.Tagged with acquisition, Biggest News, mcnaughton mckay