Schaedler Yesco and Clarion Electric Supply Enter Agreement for Acquisition
HARRISBURG, PA – Schaedler Yesco Distribution, Inc. announces it has entered into an agreement to acquire Clarion Electric Supply. Following a proper due diligence period, closing is anticipated in December 2023.
Clarion Electric Supply Company https://www.clarionelectric.com/ has been offering expert electrical parts service since 1971. With 2 locations in northwest Pennsylvania, Clarion Electric currently supports the needs of the contractor market. After nearly 53 years in the industry, sale of the business is due to the current ownership's desire to join a respected, independent distributor with an intentional growth strategy and strong core values. Clarion Electric is headquartered in Clarion, PA with a second location in Grove City, PA.
Schaedler Yesco Distribution, established in 1924, is a 4th generation family- and employee-owned provider of complete connected solutions for the electrical industry. With 24 locations in Pennsylvania, 2 in Ohio, and 1 in New York, the company offers services and products for lighting, power distribution, data networking, automation, and industrial needs. The acquisition will further the company's plans to streamline logistics and expand services via adjacent markets. They are headquartered in Harrisburg, PA.
Both companies have growth-minded business philosophies and a culture that fosters innovation and strategic action. The mutually beneficial transaction fits the strategic goals of both companies well.
"We are excited to join the Schaedler Yesco team," shared Brian Stewart, one of the company's three owners. "As a family-owned business, it's important that we join forces with another company that understands and values the importance of independence. We know this step will only increase the service and support our customers receive."
"We have been very intentional about the growth strategy in our western region," said company president Farrah Mittel. "Folding Clarion's two locations into our footprint allows us to serve Northwest PA more efficiently and effectively."
This news follows other growth initiatives announced in 2023. In February, Schaedler Yesco acquired YESCO Electrical Supply's five locations. In August, the company announced an expanded and dedicated structure to serve its western market. And in late October, it will open a new 90,000-square-foot RDC in Lower Burrell, PA. Schaedler Yesco was recently recognized as a Fastest Growing Company in Pennsylvania and a Best Place to Work in Pennsylvania.