Cleveland, Ohio — Leff Electric and its affiliated companies have reached an agreement for the sale of its business with AMP Electrical Distribution Solutions, Inc. (AEDSI), headed by Richard Worthy. The sale is scheduled to close by October 31, 2013.
Bruce Leff, President of Leff Electric announced the agreement today to staff. “This transition provides the opportunity for Leff Electric to continue its phenomenal growth in Northeast Ohio and throughout the region,” said Leff. Under the new ownership, Leff will continue to be an independent electrical distributor and operate with the same traditions, strength and customer centric values that have been instrumental in the company’s success over the last 92 years.
President Bruce Leff and Executive VP & Treasurer JR (Sandy) Leff will continue to be an integral part of the organization and its ongoing operation. Leff Electric will be the platform company for future growth and expansion.
Richard Worthy, CEO of AMP Electric Distribution Services Inc., stated “Leff Electric is one of the venerable names in our industry. The Leff family has been a pillar of the electrical industry and we are proud that they chose AMP Electric. We intend to continue Leff’s impressive growth strategy and will support the entire Leff team as it seeks out future growth opportunities.”
The legacy of Leff Electric, a 92 year old independent distributor, will continue through its dedicated associates, loyal customers and supportive suppliers.Tagged with tED