M&A Deal Summary

Locke Supply Acquires Richmond Electric Supply

On July 24, 2019, Locke Supply acquired distribution company Richmond Electric Supply

Acquisition Highlights
  • This is Locke Supply’s 1st transaction in the Distribution sector.
  • This is Locke Supply’s 1st transaction in the United States.
  • This is Locke Supply’s 1st transaction in Virginia.

M&A Deal Summary
Date 2019-07-24
Target Richmond Electric Supply
Sector Distribution
Buyer(s) Locke Supply
Deal Type Add-on Acquisition
Advisor(s) Matrix Capital Markets Group (Financial)
Graybill, Lansche & Vinzani (Legal)

Target

Richmond Electric Supply

Farmville, Virginia, United States
Richmond Electric Supply Co. Inc. is an American owned, independently operated electrical distributor. RESCO operates as a full-line stocking electrical wholesale distributor that serves commercial contractors, the government & military, residential contractors, national accounts and industrial and OEM markets both on a regional and national scale.

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Buyer(S) 1

Buyer

Locke Supply

Oklahoma City, Oklahoma, United States
Category Company
Founded 1955
Sector Distribution
DESCRIPTION

Locke Supply Co. is a growing Plumbing, Electrical, Heating & Cooling, employee-owned distributor. Locke Supply maintains only the highest standards in quality of merchandise and people. on a 45 acre complex supplying over 160 stores in a 5 state trade area to better serve.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

Legal