Fargo, ND — Border States Electric reached an agreement to purchase Electrical Wholesale Supply of Utah (EWS). EWS is a 50-year-old family business headquartered in Salt Lake City, with eight branch locations in Salt Lake City, Orem, Layton, St. George, Logan, Springville, Heber City and Park City, Utah. EWS has a rich history of customer service and consistent growth, with a strong reputation for technical and project management capabilities, serving large and small users and contractors.
“We are delighted to join the Border States team. We are both focused on excellent customer service and share common values,” said Reed Gardner, president of EWS. “We believe Border States’ ESOP and culture provide the best succession plan for our family-owned business. Border States will provide expanded resources and opportunities for our employees and customers.”
The transaction will close September 30, 2013. Reed Gardner and Arwyn Murphy will continue to lead the EWS branches; the EWS employees will join the Border States Employee Stock Ownership Plan (ESOP) and become employee-owners. The company name will change slightly to Electrical Wholesale Supply of Utah, a division of Border States.
“Border States has a long history of Service Excellence, and EWS delivers Excellence with Service. As our two companies join forces, it is truly Excellence Connecting. And when excellence connects, powerful things happen!” Tammy Miller, Border States’ CEO, said adding, “Together, we will deliver service excellence and increased value to our customers.”
Border States Electric supplies products and services to construction, industrial and utility customers. The 100 percent employee-owned company is the ninth largest electrical distributor in the U.S. as ranked by Electrical Wholesaling magazine. With this acquisition, Border States will have more than 1,600 employees and 63 branches in 14 states. Corporate headquarters are located in Fargo, N.D.