WorldWide Electric Corporation Announces the Acquisition of North American Electric, Inc.

Posted on 01/11/2024 by Fluid Power Journal in Industry News 0 Comments

WorldWide Electric’s strategic acquisition of North American Electric, Inc. combines two leading customer-centric organizations to create an unparalleled customer experience across the industrial market for electric motors, motor controls, gear reducers and generators.

ROCHESTER, N.Y. and HERNANDO, Miss., January 8, 2024 – WorldWide Electric Corporation is excited to announce the acquisition of North American Electric, Inc. The synergies created by this landmark acquisition places WorldWide Electric among the top-tier companies within its markets.

Both companies embrace customer-centricity as a substantial competitive advantage — each provides high-touch, accessible sales support and application expertise, in-stock inventory, excellent distribution channels, and a broad offering of industrial products.

Since 1993, North American Electric has grown its business and reputation by offering its customers competitively priced electric motors, motor controls and gearing. North American Electric operates a world-class UL508A certified facility for motor controls production at their headquarters in Hernando, Mississippi.

With the acquisition of North American Electric, WorldWide Electric is adding to its overall capabilities and market presence. For 25 years, it has been a leading provider of electric motors, motor controls, and gear reducers. This is WorldWide Electric’s fourth acquisition in as many years, including: Louis Allis, a company with a rich history and over 100 years of experience manufacturing and servicing large, custom AC and DC electric motors, Georator Corporation frequency convertors and generators, and Gleason-Avery, a manufacturer of quality fractional and sub-fractional gear motors. As WorldWide Electric continues to evolve, these strategic acquisitions underscore its commitment to growth while maintaining customer centricity in a competitive landscape and offering a comprehensive suite of products and services that meet the diverse needs of its customers.