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Graybar Electric, St. Louis, will add one of its neighbors to its nationwide network of branches with an agreement to acquire Cape Electrical Supply, based in Cape Girardeau, Mo. Terms of the deal were not disclosed.
Cape Electrical Supply is a regional distributor serving electrical contractors and large engineering construction firms, as well as industrial, institutional and utility customers. The company was founded in 1953 and has grown to 17 locations in Missouri, Illinois, Kentucky, Tennessee, Arkansas and Alabama. It reported revenue of $125.88 million in 2015 according to Electrical...