VEC Supply to Acquire Assets of American Electronic Supply Company

VEC Supply announced Monday they have signed a definitive agreement to acquire the assets of American Electronic Supply Company.

CHARLOTTESVILLE, Va. -- VEC Supply, a leading distributor of datacom, security and industrial automation products, based in Charlottesville, VA, announced Monday they have signed a definitive agreement to acquire the assets of American Electronic Supply Company, a distributor of datacom, security, AV & CCTV products based in Birmingham, AL.
 
The deal is expected to close by August 20.
 
Under the terms of the agreement, American Electronic Supply Company (AESC) will operate as a stand-alone division of VEC and will continue to support their existing customers in the Alabama marketplace.
 
β€œWe’re excited to bring American Electronic Supply into the VEC family," stated Frank Stalzer, President of VEC. "Ted Self and his team have built a wonderful business over the past 33 years and we plan to continue the team’s fine tradition of providing outstanding service and support to our customers and vendors. This acquisition brings our total branch count to eight and we plan to continue to grow our business both organically and through acquisitions in the months and years ahead.”
 
VEC maintains stocking sales branches in Lynchburg, Roanoke, Richmond, Raleigh (2), Greensboro and now, Birmingham. In addition, VEC maintains an on-line distribution business operating under the banner www.DirectDatacom.com. For more information, contact VEC Supply at 1-434-296-4184.
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