Border States Electric Acquires Shealy Electrical Wholesalers

Border States Electric, based in Fargo, North Dakota, has agreed to purchase Shealy Electrical Wholesalers, an electrical wholesale supply leader in North and South Carolina with more than 350 employees and 17 locations. Shealy Electrical will join Border States on August 1, 2016.

Border States Electric supplies products and services to construction, industrial and utility customers.

The 100 percent employee-owned company is rated the eighth largest electrical distributor in the U.S. by Electrical Wholesaling magazine.

BSE, which has corporate headquarters in Fargo, will have more than 2,200 employees and 97 branches in 18 states after they join forces with Shealy Electrical Wholesalers.

“We spent a lot of time looking at different leadership and ownership transition options, keeping in mind what would be best for our customers, employees and supplier partners,” said Bill DeLoache, Shealy CEO.

“After much consideration, we concluded that an employee stock ownership plan best met these objectives. Border States is a great distributor and an established, top-performing ESOP company.”

Shealy will continue to be led by Bill DeLoache; Brent Spear, COO; and David White, president.

The name will change to Shealy Electrical Wholesalers, a division of Border States. BSE will establish a new southeast region with David White serving as executive vice president. The regional corporate office will be in Columbia, South Carolina.

“We are excited to welcome Shealy Electrical Wholesalers to our employee-owned company. Shealy is a market leader with a proven track record of sustainable growth.

Their values and belief in service excellence, strong vendor relationships and the power of employee-ownership align well with our culture at Border States,” said Tammy Miller, Border States CEO.

“Like Shealy, Border States is an independent distributor and very engaged in our industry,” said White. “Our two companies share similar core values based on doing what’s right for our customers, employees, vendors and the communities where we live and work. We both possess a strong desire to grow and encourage innovation. This is a great fit.”