POTSDAM — Syracuse–based wholesale electrical distributor City Electric Company, Inc. opened a new site at 6768 State Route 56 in Potsdam this fall. City Electric acquired VanNess Co., a one-location electrical distributor, and its 6,000-square-foot warehouse to expand its coverage of the Northern New York region, according to Ron Conroy, vice president of marketing and […]
POTSDAM — Syracuse–based wholesale electrical distributor City Electric Company, Inc. opened a new site at 6768 State Route 56 in Potsdam this fall.
City Electric acquired VanNess Co., a one-location electrical distributor, and its 6,000-square-foot warehouse to expand its coverage of the Northern New York region, according to Ron Conroy, vice president of marketing and business development at City Electric. He says the acquisition closed on Oct. 1, but he declined to disclose the price or other financial terms of the deal.
City Electric acquired VanNess’s inventory and one of the two company employees, Conroy says.
“The addition of the Potsdam location enhances our ability to serve our current customers in Northern New York. We are looking forward to providing Potsdam and the surrounding communities with dependable, reliable and resourceful solutions,” he says.
City Electric provides a wide variety of electrical materials for commercial and residential electrical contractors, hospitals, schools, manufacturers, utilities, and other organizations pursuing renovation or construction projects.
City Electric is a woman-owned wholesale electrical distributor that was founded in 1919. It started out as a small electrical appliance and apparatus store. Sandra Rosecrans is the firm’s current president and CEO. The firm is a woman-owned business enterprise, certified by New York state, the state Department of Transportation, and Amtrak, according to the City Electric website.
The company owns more than 100,000 square feet of warehouse space for its inventory, and employs about 100 people, Conroy says.
City Electric now has three locations in Northern New York — the new Potsdam office plus Ogdensburg and Watertown. The company’s four other locations include its Syracuse headquarters, Oneida, Oswego, and Rochester.
The company’s annual revenue is nearly $50 million, according to the 2013 Business Journal 500 publication.
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