GraybaR – Graybar Acquires Shepherd Electric Supply
Expands presence in the Washington-Baltimore region
ST. LOUIS, July 17, 2023 – Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today announced that it has completed the acquisition of Shepherd Electric Supply, based in Baltimore, Maryland.
Shepherd Electric Supply is an electrical distributor that serves construction, commercial, industrial, and government customers. The company was founded in 1892 and operates five locations in Maryland, Virginia, and the District of Columbia. Last year, Shepherd ranked 13th in Baltimore Business Journal’s largest private companies list and was voted as one of Baltimore Sun’s Top Workplaces. The company also ranked 34th on Electrical Wholesaling magazine’s 2023 Top 150 Electrical Distributors List. As a subsidiary of Graybar, the company will continue to operate under the Shepherd Electric Supply name with the same leadership team, employees, and suppliers.
“Shepherd is a highly respected company that aligns with Graybar’s values, culture and strategy,” said Kathleen M. Mazzarella, chairman, president and chief executive officer of Graybar. “With its longstanding presence and strength in the Washington-Baltimore metropolitan area, we believe this acquisition provides a solid foundation for accelerating our growth. We are delighted to welcome the Shepherd team to Graybar and look forward to achieving success together.”
“Shepherd and Graybar complement each other well, with similar core values and a shared focus on building long-term customer relationships,” said Stuart L. Vogel, chief executive officer of Shepherd. “Throughout our 131-year history, our people have always been the key to our success. Becoming part of a successful, employee-owned company like Graybar allows us to sustain our distinctive culture and positive work environment, while also creating new opportunities to expand our service capabilities and grow our business for the future.”
SourceGraybar
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More information on Graybar: See the full profile on EMR Executive Services
More information on Kathleen M. Mazzarella (Chairman, President and Chief Executive Officer, Graybar): See the full profile on EMR Executive Services
More information on Shepherd Electric Supply: http://www.shepherdelec.com/ + Our mission drives us to be the most successful electrical distributor in our markets, and to earn the reputation as the best employer in the area. Our employees are very dedicated, experienced and knowledgeable. We pride ourselves on excellent service, low cost and quality products. At Shepherd, ownership and management try their best to provide a great work environment. We really value our employees and give them every opportunity to grow within the company.
Founded in 1892, Shepherd Electric Supply is the oldest wholesale electrical distributor in the Baltimore/Washington area. Independent and American-owned, we pride ourselves on exceptional customer service and the most extensive inventory in the area. Our experienced and knowledgeable sales staff is ready to service your every need and exceed your expectations. We have specialized divisions to handle a diverse group of customers including commercial construction, lighting and switchgear projects, commercial facilities, facility management, industrials, OEMs, and government organizations. We currently have four locations: Baltimore, Laurel (Formerly Beltsville), Frederick (MD), and Sterling (VA). We also have an affiliate company, Shepherd Electric Supply of Washington DC, LLC.
Shepherd Electric Supply is an electrical distributor that serves construction, commercial, industrial, and government customers. The company was founded in 1892 and operates five locations in Maryland, Virginia, and the District of Columbia. Last year, Shepherd ranked 13th in Baltimore Business Journal’s largest private companies list and was voted as one of Baltimore Sun’s Top Workplaces. The company also ranked 34th on Electrical Wholesaling magazine’s 2023 Top 150 Electrical Distributors List. As a subsidiary of Graybar, the company will continue to operate under the Shepherd Electric Supply name with the same leadership team, employees, and suppliers.
More information on Stuart L. Vogel (President and Chief Executive Officer, Shepherd Electric Supply): https://www.linkedin.com/in/stuart-vogel-0556295/
More information on Electrical Wholesaling: https://www.ewweb.com/ + Electrical Wholesaling is engaged in helping electrical distributors, manufacturers and independent reps run their businesses more profitably.
More information on 2023 Top 150 Electrical Distributors: https://www.ewweb.com/data-training/top-150 + Electrical Wholesaling’s annual survey of the 150 largest distributors in the North American market by electrical product sales is a key reference point for the size, scope and changing fortunes of the electrical distribution market as a whole.