EDGE Investment Partners LLC has acquired a majority interest in Ladder Automacao Industrial LTDA.
Ladder is an authorized distributor for Belden, Cognex, Comtrol, Data-Linc Group, Fluke, Fluke Networks, Panduit, ProSoft Technology, Rockwell Automation, Rockwell Software, Shimpo and Tektronix.
Headquartered in Sao Caetano do Sol, Ladder primarily operates in the Brazilian states of Sao Paulo and Rio de Janeiro. The company’s branches in Sao Jose dos Campos, Sorocaba and Rio de Janeiro are included in the acquisition. The addition of more branches will be considered as part of the growth plan for the business.
Elaine Gerrie, CEO of Gerrie Electric said, “We are excited to have Ladder to be the first EDGE company partner. They have a strong team which in combination with support from the EDGE members creates the foundation for tremendous growth.”
EDGE, which stands for Electrical Distribution Global Enterprise, was developed and is owned by a group of North American distributors. The investment partners’ focus is to build a network of distribution company partners outside of North America. Founding members of EDGE include French Gerleman Electric Company, Gerrie Electric Wholesale International Inc., Horizon Solutions LLC, Kendall Electric Inc., Kirby Risk Corporation, McNaughton-McKay Electric Company, North Coast Electric Company, Revere Electric Company, The Reynolds Company, Van Meter Industrial Inc. and Werner Electric Supply Company.
EDGE stated in a news release that the level of experience of its members will help accelerate the capabilities of companies like Ladder and help them serve the growing industrial market in Brazil.
No other details about the acquisition are being released at this time.Tagged with tED