Wipfli Corporate Finance guides sale of Amperage to Consolidated Electrical Distributors
December 14, 2022
Wipfli Corporate Finance Advisors is pleased to announce the completion of the sale of Amperage Electrical Supply, Inc to Consolidated Electrical Distributors, Inc.
Amperage, based in Roselle, Ill., has serviced the Chicago area as a full-line electrical distributor since its opening in 1997.
CED is ranked #4 on Electrical Wholesaling’s 2022 Top 150 list with more than 700 locations nationwide.
Amperage is ranked #87 on the list with forecasted sales of $115 million in 2022, up from $96.1 million in 2021.
Irving, Texas-based CED, founded in 1957, is among the nation’s largest electrical distributors and product suppliers in the country, specializing in residential, commercial, industrial and solar projects.
The new Illinois location will continue to operate under the Amperage Electrical Supply name and be managed by its founder Vito Pelagio.
The acquisition of Amperage, with its proven leadership team, experienced staff and strong commitment to customer service, bolsters CED’s geographic reach and industry coverage. Brad Selby, region manager at CED, noted that Amperage’s focus on small and midsize independent contractors, its exemplary logistics platform and robust inventory made the company an extremely attractive acquisition.
“We have a lot to learn from them in terms of systems, culture and how things are set up,” Selby said.
Pelagio sees a strong path ahead for the business. “I’m excited about the new opportunities for growth and look forward to continuing the Amperage legacy and working with an all-around great team. The future remains very bright for the Amperage and CED combination,” Pelagio said.
Selby praised Wipfli’s ability to see the deal through the lens of both companies, which benefits each party. “It wasn’t just getting the highest price for their client,” he said. “It was a win-win for both companies.
Details of the sale, completed on November 21, 2022, are confidential.
Wipfli Corporate Finance Advisors, LLC acted as exclusive financial advisor to Amperage in connection with the sale. Allen Galluzzo Hevrin Leake, LLC of Rockford, Illinois served as legal counsel.