United Electric Supply, based in St. Louis, Missouri is one of the first electrical parts distributors west of the Mississippi. Founded in 1907, the company is a leading electrical parts distributor with $70 million in annual revenue, realized from eight operating branches located in Illinois and Missouri. The primary markets served by United Electric Supply include industrial, construction, and commercial building supply. To further add value to its customers, the Company complements its distribution business with 30 value-added services.
United Electric Supply turned to R.L. Hulett & Company for assistance in selling substantially all the assets of the business. The ideal buyer was identified as Westburne Supply of Canada, an international distributor of industrial supplies with $2 billion in annual revenue.
R.L. Hulett & Company facilitated the process, including performing a valuation of United Electric Supply, preparing an offering memorandum, identifying and contacting buyers, negotiating the letters of intent, directing due diligence, reviewing the contracts and assisting in the closing.