TAMPA, Fla. – Electric Supply of Tampa (“ESI”), an independent value-added distributor of electrical supplies headquartered in Florida, has partnered with Supply Chain Equity Partners (“SCEP”) to establish a super-regional platform for growth and expansion in electrical products distribution. SCEP is the only 100% distribution-centric fund in the U.S. and is also headquartered in Tampa, Florida. SCEP’s investors include over 40 distribution veterans, including eight former owners of Top-200 electrical wholesalers. ESI is SCEP’s 44th distribution investment since 2007.
“Electric Supply was founded in 1970 by my father, George Adams Sr., and over the past 51 years we have continuously grown by providing our customers with consistent and flexible solutions, exceptional service, extensive technical and product support, a deep inventory for one-stop-shopping, and numerous logistical options; backed by an experienced and energic team,” said George Adams Jr., Chairman of the Board. He added: “I spent over a year searching for the best investment group to help Electric Supply accelerate its growth to be an even stronger partner to its customers and vendors. SCEP is unique in that they are the only private equity firm in the United States that invests exclusively in distribution companies, and the majority of their investors are former owners of distribution companies that include a number of electrical wholesalers. They have an almost two-decades-long history of successfully partnering with distributors like Electric Supply and we are already planning a number of growth initiatives through opening new branch locations, hiring more salespeople and partnering with like-minded distributors.” The Adams family remains a major investor in Electric Supply and George will remain on the Board of Directors.
Harry Irwin, CEO, and the rest of the existing ESI management team will continue to lead ESI. “We are extremely excited about having more capital & resources to support greater growth which will also provide enhanced career opportunities for the existing Electric Supply team,” stated Irwin. “Electric Supply is now uniquely positioned to capitalize on numerous growth opportunities focused on better serving our customers and vendors.”
Headquartered in Tampa, Florida, Electric Supply has been serving the domestic and international contractor and utility communities since 1970, currently primarily serving customers throughout Florida as well as the Caribbean and Latin America.Tagged with Biggest News, Electric Supply of Tampa