MCNAUGHTON-MCKAY ELECTRIC COMPANY COMPLETES ACQUISITION OF THE REYNOLDS COMPANY
The acquisition of The Reynolds Company by McNaughton-McKay Electric Company was completed on January 2, 2018. This transaction creates a multi-region, Top 10 electrical distributor with over 1,300 employees that will serve customers in 41 locations in the Midwest, Southeast and South Central United States.
Effective immediately, McNaughton-McKay Electric Company is expanding their Board of Directors to include Walt Reynolds, COO of McNaughton-McKay Electric Company and President of The Reynolds Company and Donald Reynolds Jr., COO of The Reynolds Company.
The two organizations have longstanding identities with strong ties to their customers, suppliers and respective communities. Moving forward, McNaughton-McKay Electric Company and The Reynolds Company will retain their existing brands and company identities as well as management teams. The two share a decades-long focus on customer service, creating many unique best practices. “With the transaction complete, our companies are looking forward to continuing the collaboration necessary to elevate our customers’ experience, enhance our suppliers’ market position and further our industry-leading position,” said Don Slominski, President and CEO of McNaughton-McKay Electric Company.
The Reynolds Company was founded in 1984 by Don Reynolds Sr., in Texas. The company serves 18 locations in Texas and Louisiana with a primary focus on industrial end user, industrial OEM and commercial construction markets. For more information visit: www.reynoldsonline.com.
McNaughton-McKay Electric Company is a 100% employee-owned distributor of electrical products and solutions for the industrial automation, commercial and construction markets. The company was founded in 1910 in Detroit, Michigan and prior to the recent acquisition served customers in 23 locations covering five states: Georgia, Michigan, Ohio, North Carolina and South Carolina, and has locations in Germany. For more information visit: www.mc-mc.com.
Posted on Friday Jan 05, 2018 | news,