Border States to Gain Major Mid-Atlantic Foothold, Acquire Dominion Electric - Modern Distribution Management

Border States to Gain Major Mid-Atlantic Foothold, Acquire Dominion Electric

In Dominion, Border States gains an electrical distributor that has nine branches, over 300 employees and $374 million in annual revenue.
Border States Dominion

Border States is set to gain a major foothold in the U.S. Mid-Atlantic via its latest acquisition.

The Fargo, ND-based electrical supplies distributor will acquire Dominion Electric Supply Company on May 1, pending regulatory approval.

Established in 1940 and based in Arlington, VA, Dominion has over 300 employees and nine branches across Virginia and Maryland.

In a March 21 news release, Border States noted that Dominion has over $374 million in annual sales.

Terms or an anticipated closing date for the transaction were not disclosed.

It will mark a major geographic expansion for Border States on the U.S. East Coast, enabling it to serve metropolitan areas of Washington D.C./Arlington/Alexandria and Baltimore.

“As the largest family-owned and operated electrical distributor in the mid-Atlantic, Dominion is a growth-oriented, construction market leader,” said Border States CEO David White, who is set to retire on March 31. “Their core values are exhibited in dedicated service to a loyal customer base and the power of partnership through strong vendor relationships. Employee values underscore the impact people have in shaping Dominion’s excellence, which resonates well with our employee-owned culture.” 

Current Border States President Jason Seger will succeed White as CEO on April 1.

“I am immensely proud of our employees. Throughout our journey, it has been abundantly clear that our greatest strength lies in our people,” added Stephen Krooth, CEO of Dominion. “They have continually adapted and evolved alongside the marketplace, catering to the needs of our customers and embracing the evolving trends within our industry.” 

On March 1, Border States closed on its acquisition of Hollywood, CA-based Winston Engineering — which provides professional mechanical, electrical and plumbing (MEP) engineering services for residential, commercial, educational and governmental needs.

Employee-owned Border States was No. 6 on MDM’s 2023 Top Distributors List for electrical, data & security products distributors. The company serves construction, industrial and utility customers with over 3,200 employees across 120 branches in 29 U.S. states.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!