WorldWideElectric Corporation has announced the acquisition of North American Electric, Inc. of Hernando. The purchase will make Worldwide Electric among the top-tier companies within its markets, according to a news release announcing the acquisition.
WorldWide Electric President and CEO James Taylor describes the acquisition as a significant win for the customers of both organizations.
“We are thrilled to welcome North American Electric’s team into the WorldWide Electric family,” Taylor said. “Our shared sense of customer service and the similarities between our two companies will improve the buying experience. We will adopt best practices across our business to continue to provide the highest level of service and the same high-quality 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.
“WorldWide Electric recognizes our strengths — exceptional customer service along with the critical technical support and training required for customer success. said David Hackman, Co-founder and President of North American Electric. “Adding additional incremental manufacturing capabilities to WorldWide’s portfolio will make custom control panels and packaged solutions available with best-in-class lead times — a value proposition other prominent manufacturers will have difficulty competing against.”
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.