St. Louis based electrical distributor Graybar announced Tuesday that it has agreed to acquire Duluth, GA-based Advantage Industrial Automation. The transaction is scheduled to close on April 1, 2015.
Founded in 1989, Advantage provides control and automation solutions to industrial users, original equipment manufacturers, and system integrators. It has six locations in the southeastern United States. As a subsidiary of Graybar, Advantage Industrial Automation will keep its name and operate with the same employees, leadership team, and suppliers.
Kathleen M. Mazzarella, Graybar’s Chairman, President and Chief Executive Officer, stated, “We are pleased to welcome the Advantage team to Graybar. As we focus on growing our industrial business, Advantage brings valuable experience and a strong reputation as a provider of control and automation solutions. We are excited to move forward with this acquisition and see it as an important step toward accelerating our growth and expanding our reach in the future.”
Ken Entrekin, co-founder and Chief Executive Officer of Advantage, stated, “We believe Graybar brings a multitude of resources and similar core values that will serve our company and our employees well for years to come. We look forward to positioning ourselves with this industry leader and expanding our business as part of the Graybar team.”