Brown Gibbons Lang & Company Sells Roden Electric to Kendall Electric
July 26 2007
Brown Gibbons Lang & Company today announced the sale of its client, Roden Electrical Supply Company (“Roden Electric” or the “Company”), to Kendall Electric, Inc., a Battle Creek, Michigan based, employee-owned full line electrical wholesale distributor, serving the industrial, OEM, and construction markets across locations in Michigan and northern Indiana.
Founded in 1936 by Doug Roden and Sam McCamy Sr. and headquartered in Knoxville, Tennessee, Roden Electric is a leading independent wholesale distributor of electrical and automation control products serving a broad range of industrial, contractor, and commercial customers through twelve locations across Tennessee, Alabama, and Georgia. Prior to the sale, the Company was owned by the McCamy family.
The McCamy family made the decision to initiate discussions with a number of parties about acquiring Roden Electric. The family desired an acquirer that would leave Roden Electric intact and would ensure long-term future growth for Roden Electric’s customers, employees, and suppliers.
Robert Pietrick, director at BGL, said, “I am proud that Roden Electric’s advisory team was able to partner a family-owned business with a quality, world-class and 100% employee-owned organization such as Kendall Electric. It was an honor to represent high quality people represented by the shareholders and management team of Roden Electric.”
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers and acquisitions, debt and equity placements, and financial restructurings. BGL is the U.S. partner firm in Global M&A,
one of the world’s leading partnerships of top-tier, mid-market, cross-border investment banks. Global M&A was named 2005 Investment Bank of the Year by The M&A Advisor. For more information, please visit www.bglco.com.
About Kendall Electric
Based in Battle Creek, Michigan, Kendall Electric is a full line electrical wholesale distributor, serving the industrial, OEM, and construction markets since 1930. Through large inventories of quality materials, leading-edge technology, an efficient internal material transfer and delivery system, and expert personalized service, Kendall Electric has become a valuable partner for thousands of organizations. As a 100% employee-owned company, Kendall Electric is committed to providing its customers with the highest-quality technological products, unparalleled customer service, and leading-edge capabilities. For more information, please visit www.kendallelectric.com.
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