Graybar's net sales were a 3Q record, but growth is down from the numbers recorded in the first and second quarter of 2023.
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Bill Seddon will lead Graybar's business operations in a territory that includes Georgia, Alabama and portions of other southern states.
Electrical, communications and data networking products distributor Graybar’s net sales for the second quarter of 2023 totaled $2.8 billion,
Baltimore-based electrical distributor Shepherd Electric Supply will give Graybar a "foundation for accelerating growth," officials said.
Christopher M. Burrow has been named Vice President of Acquisitions, Financial Planning and Analysis, effective July 5.
Graybar aims to bolster its growing industrial automation platform with the acquisition of San Jose, California-based Valin.
Following its record fiscal performance in 2022, Graybar again achieved record sales in 2023's first quarter.
Tierney currently serves as a Senior National Sales Manager in Graybar’s Strategic Accounts organization.
The company's income from operations for 2022 increased nearly 60% over the previous year, Graybar announced.
The electrical distributor will have a new Richmond, Virginia District VP and a new technology head on April 1.
Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.
The changes were announced a day after Graybar's acquisition of a Chicago-area electrical distributor.
Graybar is expanding its presence in the Chicago area with the acquisition of Buffalo Grove, Illinois-based distributor CX Connexion.
MDM reported more than two-dozen mergers and acquisitions during the month of August. Read about them all here.
The acqusitions help position Graybar as a leading automation and control distributor alongside its core electrical products offering.
The company named Paul Woodard as district vice president for Graybar’s Atlanta District, effective July 11.
The distributor says Steven Breeden has been named district vice president for the company’s Seattle District effective July 1.
In what it called ‘record’ first-quarter results, Graybar reported a 116.5% increase in net income attributable to the company.
The company recently elected David Meyer to its board of directors, a move that will take effect April 1.
The electrical, communications and data networking distributor reported 2021 net sales of $8.8 billion, a 20.7% increase compared to 2020.
