Wipfli Corporate Finance Advisors represented Advance Electrical Supply on their sale to Border States

June 2, 2022

Wipfli Corporate Finance Advisors is pleased to congratulate Advance Electrical Supply on their recent sale to Border States.

Founded in 1945, Advance Electrical Supply is a wholesale electrical supply leader with more than 100 employees serving the Chicago-area market. The company has averaged double-digit revenue growth over the past five years with sales generated primarily in the construction market.

Border States is the electrical distribution industry’s largest employee-owned distributor. It is ranked the sixth largest electrical distributor in the U.S. by Electrical Wholesaling magazine.

The acquisition of Advance Electrical Supply, with its proven leadership team and strong employee culture, enhances Border States’ geographic presence and industry coverage. With the acquisition of Advance, Border States has more than 2,600 employee-owners and more than 100 branches in 24 states.

Details of the transaction are confidential. For more information, click here.