M&A Deal Summary

Graybar Electric Company Acquires Shingle & Gibb Automation

On December 1, 2020, Graybar Electric Company acquired technology hardware company Shingle & Gibb Automation

Acquisition Highlights
  • This is Graybar Electric Company’s 1st transaction in the Technology Hardware sector.
  • This is Graybar Electric Company’s 6th transaction in the United States.
  • This is Graybar Electric Company’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2020-12-01
Target Shingle & Gibb Automation
Sector Technology Hardware
Buyer(s) Graybar Electric Company
Deal Type Add-on Acquisition

Target

Shingle & Gibb Automation

Moorestown, New Jersey, United States
Shingle & Gibb Automation provides advanced automation and control solutions to industrial users and original equipment manufacturers (OEMs). Shingle & Gibb Automation was founded in 1933 and is based in Moorestown, New Jersey.

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Buyer(S) 1

Buyer

Graybar Electric Company

St. Louis, Missouri, United States

Category Company
Founded 1869
Sector Electrical Equipment
Employees8,250
DESCRIPTION
Graybar Electric's corporate headquarters in St. Louis, Missouri.
Graybar Electric's corporate headquarters in St. Louis, Missouri.

Graybar Electric Company, Inc. is a producer of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. Graybar Electric was formed in 1869 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 7 of 13
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 7 of 13
State (New Jersey) 1 of 1
Country (United States) 6 of 12
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Cape Electrical Supply

Cape Girardeau, Missouri, United States

Cape Electrical Supply is a distributor of electrical and communications products to commercial, industrial, residential, institutional, and utility customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-01 Steven Engineering

South San Francisco, California, United States

Steven Engineering is the largest distributor of industrial controls and components. Steven Engineering offers a wide variety of electric parts and industrial automation & electronic components and controls and services. Steven Engineering was founded in 1975 and is headquartered in South San Francisco, California.

Buy -