Fargo, ND — Border States Electric (BSE) reached an agreement to purchase The UtiliCor Corporation with locations in Jackson and Nashville, Tenn. The transaction closed July 29, 2013.
UtiliCor is a sales and service company for electrical and communications products, exclusively serving the needs of the utility market of the Tennessee Valley Authority (TVA), Arkansas and the bootheel of Missouri since 2002. UtiliCor will continue to operate under the UtiliCor name as a division of BSE.
“We have similar cultures and the same focus on customer service and solutions — this is a natural fit,” said Joel Wright, president of UtiliCor. “Border States Electric brings resources and expertise to UtiliCor that will enhance our value to our customers and supplier partners.”
“This is a powerful connection for our customers,” Tammy Miller, CEO of BSE, said. “BSE has delivered innovative products and supply chain solutions for more than 60 years. Joining forces with UtiliCor will strengthen our position in the utility market and complement our Harris Electric division in Tennessee.”
BSE 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 rated by Electrical Wholesaling magazine. BSE has about 1,500 employees and 55 branches in 13 states. Corporate headquarters are located in Fargo, N.D.
