ArkMalibu Advises Becker Electric in its Sale to Kendall Electric
Founded in 1920 by John Adam Becker and headquartered in Dayton, Ohio, Becker Electric is a leading full-line wholesale electrical equipment distributor that offers switchgear, lighting, automation, and electrical supplies, as well as a range of value-added services and solutions to contractor, industrial, and commercial customers through 8 locations across Ohio, Indiana, and Georgia. Prior to the sale, the Company was in its third generation of ownership by the Becker family.
The Becker family was approached by several parties and then made the decision to hold discussions with several others about acquiring Becker Electric. The family desired an acquirer that ensured long-term stability, continued growth, and a similar employee-oriented corporate culture to drive success for Becker Electric’s customers, employees, and suppliers.
“We are thrilled with our decision to trust ArkMalibu to lead the M&A process for Becker Electric,” said Tom Becker, CEO of Becker Electric. “The firm’s high level of service and professionalism were evident throughout every step of the process. They kept our deal on course and all the moving parts focused; they always had our best interest and goals as their top priority. Their M&A expertise was instrumental in navigating the market. When we set out on this journey, we were determined to find a partner that would uphold the culture we’ve built over many decades. In the end, we couldn’t be happier to have secured a great deal for the Company with a well-respected long-term partner in Kendall Electric.”
Rene Robichaud, chairman of ArkMalibu, said, “We are proud that our advisory team helped to bring together the successful family-owned business of Becker Electric with a top-notch employee-owned organization such as Kendall Electric. It is an honor to represent the management and shareholders of Becker Electric as it enters its 100th year in business.”
ArkMalibu is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. ArkMalibu’s professionals are experts in sell-side mergers and acquisitions. ArkMalibu was named ACG Cincinnati Deal Maker of the Year in 2010 and 2018.
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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