Shepherd Electric Supply, established in 1892, is the oldest wholesale electrical distributor in the Baltimore/Washington area. The company offers a comprehensive range of electrical products and services, catering to commercial construction, government entities, industrial firms, and OEMs. In July 2023, Shepherd Electric Supply was acquired by Graybar Electric Company, a leading distributor of electrical, communications, and data networking products.
Background
Founded in 1892 by Ernest Fluharty and Henry Shepherd, Shepherd Electric Supply has a long-standing history in the electrical distribution industry. The company has built a reputation for exceptional customer service and maintaining an extensive inventory to meet diverse customer needs. Its mission is to provide excellence in service, pricing, and products, striving to be the most successful electrical distributor in its markets and the best employer in the area.
Key Strategic Focus
Shepherd Electric Supply specializes in distributing a wide array of electrical products, including wire, cables, conduit, distribution equipment, and lighting. The company serves a diverse clientele, such as commercial construction projects, government agencies, industrial firms, and OEMs. By maintaining the most extensive inventory in the region, Shepherd Electric ensures timely delivery and availability of products, positioning itself as a reliable partner in the electrical supply chain.
Financials and Funding
Prior to its acquisition by Graybar Electric Company in July 2023, Shepherd Electric Supply reported annual revenues estimated between $50 million and $100 million. The acquisition by Graybar, a leading distributor in the electrical industry, is expected to enhance Shepherd Electric's market reach and operational capabilities.
Leadership Team
Before the acquisition, the leadership team included:
- Charles C. Vogel III: Chairman of the Board and Chief Executive Officer.
- Stuart Vogel: President.
- Gregory Spacek: Chief Financial Officer.
Post-acquisition, Shepherd Electric operates as a subsidiary of Graybar Electric Company, with leadership integrated into Graybar's organizational structure.
Competitor Profile
Market Insights and Dynamics: The electrical distribution industry is characterized by steady growth, driven by ongoing construction projects, infrastructure development, and technological advancements. The market is competitive, with several key players vying for market share.
Competitor Analysis: Key competitors in the electrical distribution sector include:
- Graybar Electric Company: A leading distributor of electrical, communications, and data networking products.
- City Electric Supply: A private, debt-financed company based in Dallas, TX, offering a wide range of electrical products.
- Maurice Electrical Supply Company: A corporate-backed company located in Annapolis, MD, serving the electrical supply needs of various sectors.
- Elliott Electric Supply: A corporation based in Nacogdoches, TX, providing electrical supplies and services.
- Van Meter: A corporation headquartered in Cedar Rapids, IA, offering electrical and automation solutions.
Strategic Collaborations and Partnerships
The acquisition by Graybar Electric Company in July 2023 represents a significant strategic collaboration, enhancing Shepherd Electric's capabilities and market reach. This partnership is expected to leverage Graybar's extensive resources and industry expertise to drive growth and innovation.
Operational Insights
Shepherd Electric's strategic location at 7401 Pulaski Highway in Baltimore, MD, provides convenient access to customers in the Baltimore/Washington area. The company's extensive inventory and commitment to exceptional customer service distinguish it from competitors, ensuring timely delivery and availability of products.
Strategic Opportunities and Future Directions
As a subsidiary of Graybar Electric Company, Shepherd Electric is poised to expand its market presence and enhance its service offerings. The integration with Graybar's extensive network and resources presents opportunities for growth, innovation, and improved customer service.
Contact Information
- Website: www.shepherdelec.com
- Headquarters: 7401 Pulaski Highway, Baltimore, MD 21237
Please note that specific contact details such as phone numbers and email addresses are not provided in this profile.
