Graybar to expand market reach with acquisition of Blazer Electric Supply
In a significant move within the electrical and communications distribution industry, Graybar, a prominent distributor of electrical, communications, and data networking products, has announced its acquisition of Blazer Electric Supply Co. This strategic acquisition, set to take effect on March 1, 2024, marks a pivotal step for both companies, aiming to enhance their service offerings and expand their market reach.
Located in Colorado Springs, Colorado, Blazer Electric Supply Co. is renowned for its dedication to serving construction, commercial, institutional, and industrial customers with a wide array of products and services. Since its inception in 2009, Blazer has established a strong foothold in the southern Colorado region, operating two strategic locations. Under the terms of the acquisition, Blazer Electric Supply will retain its name, operating as a subsidiary of Graybar, with Trevor Blazer at the helm as president. This move ensures continuity for Blazer’s clientele, who will continue to receive the same high-quality products, solutions, and services they have come to expect.
Kathleen M. Mazzarella, the chairman, president, and chief executive officer of Graybar, highlighted the synergies between the two companies, stating, “Blazer is a market leader in its territory, with comprehensive product lines, extensive capabilities and a reputation for outstanding customer service.” She further emphasized that Blazer’s alignment with Graybar’s core values, people-oriented culture, and long-term growth strategy makes this acquisition a natural fit, poised to drive greater success for both entities.
Steve Blazer, the president of Blazer Electric Supply, expressed his pride in the company and gratitude towards its employees, whose efforts have been instrumental in Blazer’s success. He views the acquisition as an exciting new chapter, offering “a tremendous opportunity to expand our service capabilities and grow our business for the long term.” This partnership is expected to bolster both companies’ positions in the market, fostering a distinctive culture and positive work environment for their employees.
Graybar, a Fortune 500 corporation and one of North America’s largest employee-owned companies, stands at the forefront of distributing high-quality electrical, communications, and data networking products. The company specializes in related supply chain management and logistics services, operating through a vast network of over 325 distribution facilities across North America. This extensive network allows Graybar to efficiently supply products from thousands of manufacturers, aiding customers in powering, networking, automating, and securing their facilities with speed, intelligence, and efficiency.
This acquisition is a testament to the dynamic nature of the electrical and communications distribution industry, where strategic partnerships and expansions play a crucial role in companies’ growth trajectories. By integrating Blazer Electric Supply’s regional expertise and loyal customer base with Graybar’s extensive distribution network and broad product portfolio, this merger is set to create a powerhouse in the industry, capable of meeting the evolving needs of a diverse clientele.
As these two industry leaders unite their strengths, the future looks bright for both the companies and their customers. The merger is not just a business transaction; it’s a strategic move towards achieving unparalleled service excellence and market expansion, setting a new benchmark in the industry.