Acquiring Company
Electrical Equipment Company (EECO)
Acquired Company
Foster Electric
RaleighLynchburgManufacturingManufacturingDescription
Electrical Equipment Company (EECO) has acquired Foster Electric, which will continue to operate independently from its Lynchburg location. This acquisition marks a key development as EECO celebrates its 100th anniversary. Both companies aim to leverage their strengths for improved service to customers.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Foster Electric?
Foster Electric was acquired by Electrical Equipment Company (EECO), based in Raleigh. The deal was reported on August 18, 2026. EECO is a full-line electrical distributor specializing in Industrial Automation and Power Solutions. Founded in 1926, it operates 11 locations across Virginia, North Carolina, and South Carolina. Electrical Equipment Company (EECO) is privately held and operates in Manufacturing.
When did Electrical Equipment Company (EECO) acquire Foster Electric?
Electrical Equipment Company (EECO)'s acquisition of Foster Electric was reported on August 18, 2026. Electrical Equipment Company (EECO) has acquired Foster Electric, which will continue to operate independently from its Lynchburg location. This acquisition marks a key development as EECO celebrates its 100th anniversary. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Foster Electric do?
Founded in 1956, Foster Electric is an independent, full-line electrical supply distributor serving Central Virginia. The company has built nearly 70 years of relationships in the electrical contractor market and focuses on customer service. It is privately held, operating in Manufacturing, and is based in Lynchburg.