West Columbia, SC – July 17, 2014 – Shealy Electrical Wholesalers announced today the intent to acquire Nova Lighting, Charlotte NC.
Bill DeLoache, Shealy CEO, states that “The acquisition continues a strategic focus on growing our lighting and lighting control presence in the Carolinas. Nova Lighting has positioned itself in the market as a leading lighting supplier, consultant and turnkey provider. Advancements in lighting technology and efforts to reduce energy demand have changed expectations from a distribution and design perspective. Servicing today’s market requires a more sophisticated approach, additional strategic resources, broader and deeper inventory and the ability to cover more territory.”
Nova Lighting is a specialty lighting company with locations in Charlotte NC, Columbia SC and Greenville SC. Nova has a reputation for being on the leading edge of technology and for their in-depth expertise in the lighting and energy markets. Bill Hurd, President of Nova Lighting is very excited about the joining of the two companies. “It is exciting and timely because Shealy has established themselves as the best of the best and offers Nova Lighting the clearest synergies needed to effectively service our lighting market and expand our energy project capabilities. I am confident that this partnership will allow Nova Lighting to continue its commitment to lead with the best people in the industry, supported by the best in class distributor and to continue servicing our very loyal customers with an even greater passion due to the accelerated resources now available to us.”
Both companies will work through due diligence process over the next several months with a planned closing timeline of late 3rd quarter.
About Shealy Electrical Wholesalers
Shealy was formed in 1945 as an independent electrical wholesale distributor and currently has 17 locations in North and South Carolina. www.shealyelectrical.com.