Merger Completed with Kovalsky-Carr Electric Supply

WILMINGTON, DE, January 2, 2024 - United Electric Supply announces they have entered into a merger agreement with Kovalsky-Carr Electric Company based in Rochester, New York with expertise in the residential, commercial, and industrial industries since 1921.

Kovalsky-Carr will continue to operate as an independent distributor, a subsidiary of United Electric Supply Co. and service their existing customers with a focused effort on expansion in Rochester and the surrounding area.

"Being part of United Electric and their ESOP (Employee Stock Ownership Plan) will support our long-term goal to invest in our associates and expand our business," said Arnold Kovalsky, President, Kovalsky-Carr Electric Supply. "Our two companies share a philosophy and culture that focuses on our customers' success."

"The merger of Kovalsky-Carr and United Electric begins to fulfill our long-term objective to become a multi-regional distributor supporting independent operating brands," said George Vorwick, President & CEO, United Electric Supply. "This is an opportunity for us to leverage our investments in our employee value proposition and career development to aggressively expand our business outside of our existing footprint. We are pleased Arnold and Larry chose our company to realize their vision to become an employee-owned organization."

About United Electric Supply

United Electric Supply Co. Inc. is a nationally recognized, 100% employee-owned company that is a major supplier of electrical products, and advanced services for the construction and industrial markets. They offer a full range of electrical products and services with concentrations in industrial automation, building automation, lighting, wire/cable/conduit, distribution and control, data communications, electro-mechanical and energy solutions. With over 300 employees, United is headquartered in New Castle, Delaware with locations throughout Delaware, Pennsylvania, Maryland, New Jersey, and Virginia. For more information, contact United Electric Supply at 1-800-322-3374 or visit www.unitedelectric.com.