Border States to Acquire Dominion Electric Supply Company, Inc.

Border States is set to acquire Dominion Electric Supply Company, Inc. on Wednesday, May 1, pending regulatory approval.

Expansion of Border States with Dominion Electric Supply Acquisition

Dominion was established in 1940 and has grown to more than 300 employees and nine branches in Virginia and Maryland, with over $374 million in annual sales. The acquisition will mark a geographic expansion for Border States on the East Coast, and the alignment of the two companies’ values and histories of success makes for a great partnership. 

“As the largest family-owned and operated electrical distributor in the mid-Atlantic, Dominion is a growth-oriented, construction market leader,” said David White, CEO of Border States. “Their core values are exhibited in dedicated service to a loyal customer base and the power of partnership through strong vendor relationships. Employee values underscore the impact people have in shaping Dominion’s excellence, which resonates well with our employee-owned culture.”

Employee Ownership and Cultural Alignment

Stephen Krooth, CEO of Dominion, looks forward to the transition and the Dominion team coming on board as employee-owners at Border States. “I am immensely proud of our employees. 

Throughout our journey, it has been abundantly clear that our greatest strength lies in our people,” Krooth said. “They have continually adapted and evolved alongside the marketplace, catering to the needs of our customers and embracing the evolving trends within our industry.” The transition to an employee-owned model at Border States ensures job stability and long-term investment in the company’s workforce.

Commitment to Growth and Service

Border States supplies products and services to construction, industrial, and utility customers. The company is 100% employee-owned and rated the sixth largest electrical distributor in the United States by Electrical Wholesaling magazine. Border States has more than 3,200 employee-owners and 120 branches in 29 states. 

The Branch Support Center (corporate office) is located in Fargo, North Dakota. By acquiring Dominion Electric Supply, Border States strengthens its presence in the Eastern U.S., reinforcing its commitment to providing top-tier electrical distribution services. 

This strategic expansion supports long-term growth objectives and enhances the company’s ability to serve a broader customer base with an extensive inventory and robust service network. Border States continues to prioritize innovation and efficiency in its supply chain operations, ensuring customers receive high-quality products with exceptional service.

The Impact of the Acquisition on the Industry

The merger between Border States and Dominion Electric Supply is expected to create new opportunities in the electrical distribution sector. As both companies bring unique strengths to the table, customers will benefit from enhanced product availability, improved logistics, and a strong focus on customer service. 

The move aligns with Border States’ vision of expanding its influence in key markets while maintaining high operational standards. For Dominion’s long-standing customers, the transition means access to a wider range of products and services, backed by the extensive resources and infrastructure of Border States. 

The combined expertise of both companies ensures that they can continue to meet the growing demands of the construction, industrial, and utility industries. Border States aims to integrate Dominion’s workforce and operational strengths seamlessly, fostering long-term success in the Mid-Atlantic market.

Looking Ahead to Future Plans

With this acquisition, Border States continues to establish itself as a leader in the electrical distribution industry. The company remains dedicated to innovation, customer satisfaction, and employee engagement. Future plans include further investments in technology, supply chain enhancements, and customer-focused solutions. 

The acquisition is still pending regulatory approval, but once completed, it will solidify Border States’ footprint in the Mid-Atlantic region, reinforcing its reputation as a trusted partner in the electrical distribution market. By expanding its reach, Border States is positioning itself for long-term growth while maintaining its core values of service, integrity, and employee ownership.