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Top 20 Stories of 2013: #6 Leff Electric Acquired by AMP Electric

Every weekday in December, tED magazine is counting down the Top 20 Stories of 2013. Below, the #6 story of 2013, originally posted on October 2, 2013.

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.

 

Read the rest of the Top 20 list here:

#20 Crescent Electric Acquires Lake Electric Supply – March 5, 2013
#19 Reports: Copper Delivery Prices Soar – May 31, 2013
#18 Blog: WESCO Outlook – August 13, 2013
#17 Graybar achieves near-record profitability in 2012 – March 15, 2013
#16 Blog: Wesco’s Strategies For Growth – November 13, 2013
#15 Blog: Siemens shareholders approve Osram spin off – January 25, 2013
#14 Blog: Acquisitions fueled distributors’ growth in 2012 – March 4, 2013
#13 Southwire Introduces Electrician’s Tools – July 18, 2013
#12 Southwire Announces Organizational Changes – January 22, 2013
#11 2013 tED Magazine Best Of The Best Awards – August 7, 2013
#10 Blog: Amazon, Google Supply Update – August 30, 2013
#9  WSJ: Copper supply concerns – April 15, 2013
#8  Huge copper theft bust in Arizona valued at $10 million – May 6, 2013
#7  NAW speaker predicts strong economy, copper inflation for 2013 – January 30, 2013
#6  Leff Electric Acquired by AMP Electric  – October 2, 2013
#5  Southwire to roll out new cable pull technology  – March 12, 2013
#4  Super Bowl blackout traced to preventive equipment  – February 8, 2013
#3  tED magazine 2013 30 Under 35 List  – June 4, 2013
#2  Eaton executive outlines company’s future with Cooper  – January 8, 2013

 

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