Get Moblico news: TXTJOIN” to 833-338-4330

Chat with us: TXT or Call 855-662-5426

Moblico Blog banner
Team Moblico

Team Moblico

Van Meter Announces Intent to Buy Werner Electric

Share on facebook
Share on google
Share on twitter
Share on linkedin

Van Meter Inc., a 50% partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, announced April 5 their intent to make a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to close on April 30.

“For 20 years, Van Meter and the MacDonald family have proudly owned and supported a successful and growing business in Minnesota. We find ourselves mutually understanding that our shared Minnesota business could reach even greater potential through the efficiencies and market influence gained by being owned by one company,” says Lura McBride, president and CEO of Van Meter.

Werner Electric of Minnesota is headquartered in Cottage Grove, Minnesota, and operates eight electrical supply locations — six in Minnesota and two in Wisconsin. The company employs 325 people and provides electrical and automation services, supplies, and solutions to industrial, contractor, and renewable energy customers across the northern region of the United States.

The post Van Meter Announces Intent to Buy Werner Electric appeared first on Modern Distribution Management.

More to explorer

United Rentals Acquires Franklin Equipment Rentals Inc. (NYSE: URI), Stamford, Connecticut, has acquired Franklin Equipment LLC, a regional provider of equipment rentals, sales and related services