Graybar Acquires Commonwealth Controls
April 26, 2001 Graybar has announced the acquisition of automation-controls distributor Commonwealth Controls Corp (CCC).
April 26, 2001 Graybar (www.graybar.com), a national distributor of electrical and voice/data products, has announced the acquisition of automation-controls distributor Commonwealth Controls Corp (CCC). CCC does approximately $10 million in business annually, and employs 14. The terms of the acquisition were undisclosed.
Graybar Richmond District VP Tommy Gurganous commented that the acquisition would allow his organization to "provide our customers with a complete automation product and service offering, including technical support. " Gurganous announced that former CCC owners Phil Evans and Pete Petit would continue to manage the business, and all other employees would be retained. CCC will operate as a wholly owned Graybar subsidiary, and will maintain the Commonwealth Controls name.
D. Beatty D'Alessandro, Graybar's Director of Strategic Planning and Business Development, added that "the combination of the two companies will better serve the industrial, OEM, contractor, and government customers in Virginia, Maryland, and North Carolina. " CCC is Graybar's second acquisition in the automation field, and is part of the national distributor's strategy to increase its presence in this business.