Corydon, Indiana-based Eckart Supply announced via LinkedIn on Oct. 18 that it has executed a letter of intent to acquire fellow electrical supplies distributor Automated Controls and Electrical Supply (ACES), based in Richmond, Indiana.
Eckart notes that ACES has been servicing the Richmond markets since 2004. Trade publication Electrical Trends detailed that ACES reported 2022 sales of $199.7 million, which charted at No. 62 on Electrical Wholesaling’s 2022 Top 150 list of electrical distributors. Electrical Trends estimates that Eckart’s revenues now exceed $225 million for 2023.
For Eckart, the news follows its early August acquisition of Buford, Georgia-based Electrical Supplies Limited.
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