Graybar Canada Ltd.
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Graybar Canada Ltd. has acquired Electro-mag Inc.
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Graybar Canada Ltd. has acquired Electro-mag Inc. MNP Corporate Finance Inc. provided financial and tax due diligence services to Graybar Canada Ltd.
Transaction Brief
Headquartered in Sherbrooke, Quebec, with locations in Drummondville, Quebec City, Montreal, and London (Ontario), Electro-mag provides services and solutions via pneumatic, safety, sensing and automation product distribution. Electro-mag was founded in 1976 and has five locations across Canada, four of which are in the province of Quebec. As a subsidiary of Graybar Canada, the company will continue to operate under the Electro-Mag name.
Graybar Canada, a subsidiary of Graybar Electric, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high-quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services in Canada. Through its network of more than 30 branches nation-wide, Graybar Canada stocks and sells products from thousands of manufacturers, helping its customers power, network and secure their facilities with speed, intelligence, and efficiency.