CEDAR RAPIDS, Iowa — Van Meter Inc. announced that it has successfully completed its purchase of Bright Electrical Supply, a leading lighting distributor located at 217 N. Western Avenue in Chicago. Intentions to buy the lighting distributor were announced on tEDmag.com on December 2nd.
According to Van Meter President and CEO, Kevin Powell, Bright Electric is known for its expertise and customer service in lighting distribution. “It is a strong and reputable company in a large and growing market,” said Powell. “We look forward to building on Bright’s more than 100 years of success, integrating our work teams and bringing a more comprehensive offering of electrical and mechanical solutions to the industrial, commercial and contractor customers in the greater Chicago area.”
The Bright team members, including long-time president, David Borovsky, are now Van Meter employee-owners.
“We are thrilled to be joining the Van Meter team,” expressed Borovsky. “This is an opportunity to join our great, local company with a larger, best-in-class distributor – a 100 percent employee-owned company with similar values, a progressive culture and an excellent vision for the future. Our industry faces new challenges and opportunities each day and I have every confidence that becoming part of Van Meter will position us for continued success.”
Van Meter’s Chicago location will continue to be known as Bright Electric. “The Bright Electric brand is important,” explained Powell. “It is a name known and recognized by customers in the Chicago market.” The tagline ‘Powered by Van Meter’ will be added to the name to begin associating Bright with Van Meter and to denote new ownership.
“Every consideration and effort is being made to ensure that the transition of ownership is seamless and transparent in regard to customer and supplier experiences,” concluded Powell. Customer and supplier inquiries about the acquisition can be directed to 1-800-247-1410.
The acquisition of Bright Electrical Supply expands Van Meter’s presence in the Midwest to 15 locations. The company also has plans to open an additional location in Omaha in the second quarter of 2016.
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