The Top 50 Electrical Distributors of 2025
Notes: In most cases, if revenue data is marked “NA,” it means the company elected to provide 2024 sales data confidentially and for placement only. EW’s editors estimate electrical sales for placement of some companies if updated data is unavailable.
Electrical Wholesaling (EW) has been ranking the electrical wholesaling industry’s largest distributors for more than 40 years, but its editors can’t remember a time when distributors’ revenue forecasts, year-over-year (YOY) revenue growth, and expectations for the health of the overall U.S. economy showed such a wide disparity.
For example, of the 37 distributors that provided a revenue forecast, an impressive 40.5% of respondents expect growth of 10% or better — but the same percentage of distributors see growth in a rather pedestrian range of 1% to 5%. Roughly 14% of distributor respondents are gunning for 2025 revenue growth in the 6% to 9% range, which is fairly close to the electrical wholesaling industry’s historical growth range of 4% to 8%. And when asked about the chances of a U.S. recession in the next 12 months, 69% of the 42 Top 100 distributor execs who answered the question said recession chances are 50/50, and another 11.9% said chances were very likely.
This same disparity surfaced in answers to the Top 100 survey’s question about 2024 sales change from 2023. An impressive 40.5% saw revenues grow 10% or better — but 48.6% of respondents saw growth either flat or topping out at 5% YOY growth.
You will find a listing of Electrical Wholesaling’s Top 50 Distributors in the Table below. A complete listing of all 100 distributors in the ranking is available at www.ewweb.com.
Economic expectations all over the place
t’s tough to pinpoint exactly why the largest electrical distributors are all over the map with their economic expectations, especially when outside of the uncertainty over tariffs and concern over the size of the national debt, the overall U.S. economy is still growing at a steady if unspectacular rate. Unemployment is currently not growing at a dangerous rate, inflation has not hit the danger zone, and while the expected real GDP growth rate of less than 2% for Q2 2025 will elicit plenty of yawns, it’s still expected to land on the positive side of the ledger for this quarter.
EW’s editors think the most likely reasons for the widespread differences of opinion over 2025’s economic prospects may be linked to two market drivers.
No. 1. Executives are waiting for the other shoe to drop with tariff-induced price increases in core electrical products.
Tariffs and rising product pricing are very much on the minds of the biggest distributors, and, when asked about which economic, technological, or demographic factors will have the most impact on their businesses, tariffs and rising product pricing were ranked No. 1 and No. 2 as having the most impact — with 25.8% of the 63 respondents expecting tariffs to have the most impact on their businesses and 21.3% worried about product pricing.
Evidence of rising electrical product prices surfaced in the April 2025 data in Electrical Marketing’s monthly Electrical Price Index, the first since tariffs were announced in early April. The April data was up 1.5% over March 2025 and +4% over April 2024. These increases were up significantly over the EPI’s historical averages of 0.21% monthly increases and 2.6% YOY increases.
No. 2. Big-time growth in the “right” geographic markets, project types, or end-use markets, and sluggish to no growth in other markets.
Right place/right time and right products/right service package for the right project. The Top 50 distributors are working on an impressive array of large construction projects with data centers, semiconductor plants, hospitals, airports, and public works projects being the most common in this year’s survey results. But if a company doesn’t have some of these large projects underway or in the pipeline in their geographic market, it may be hard to enjoy a stellar growth year.
For some distributor specialists, their product and service expertise is matching the need of some very large construction projects. For instance, C.N. Robinson Lighting, Baltimore, Md., is expecting double-digit growth this year, based in part on servicing three larger projects Maryland — the expansion of the Fort Meade East Campus Building in Fort Meade, Md.; the renovation of the Pimilco Racetrack in Baltimore; and a project at the Johns Hopkins medical center in Baltimore.
Shikha Gupta, marketing manager, Nassau National Cable, Great Neck, N.Y., says the company is supplying wire and cable products to a diverse array of large construction projects, including power cable for a utility-scale offshore wind farm in Virginia; cabling products for a Meta data center in Wisconsin; and the Greenlink West Transmission Line (a large utility project in Nevada) with “huge demand” for aluminum and copper building wire.
For other distributors, growth is linked to tremendous opportunities in servicing mega-projects in their own backyard. For example, Jackson Electric Supply Co., Jacksonville, Fla., enjoyed 34% YOY growth in 2024 and expects 2025 growth of 15%. While Larry Swink, company president, said some of his company’s 2024 growth could be attributed to gaining additional market share from customers and the easing of lead-time issues with switchgear and some other products, he said the Jacksonville market is also enjoying “unprecedented growth driven by transformative developments across downtown revitalization, health care, infrastructure, defense, and public utilities.”
These construction projects include a $1.4-billion renovation of the NFL’s Jacksonville Jaguars’ EverBank Stadium that will include a translucent roof, expanded concourses, and upgraded amenities. The project will also include a development by team owner Shad Khan’s Iguana Investments featuring a Four Seasons Hotel & Residences; condominiums; and a new six-story Jaguars HQ adjacent to the stadium. Other big projects in the Jacksonville market include more than $600 million in renovations to the U.S. Navy’s Kings Bay Naval Submarine Base; two wastewater reclamation projects topping $100 million; a $190-million expansion of the Baptist Medical Center; and several large interstate construction projects.
“Jackson Electric Supply is actively involved in many of these high-impact initiatives, and their scale and momentum are already shaping our future,” Swink wrote in his Top 100 response. “These projects are expected to significantly accelerate our progress toward surpassing key revenue milestones within our five-year plan, potentially reaching those goals two-to-three years ahead of schedule.”
Other mega-projects the largest distributors worked on include the Indiana University Hospital, Indianapolis; Dana-Farber Cancer Institute, Boston; Northeastern University and Boston University student housing, also in Boston; JFK Airport, Queens, N.Y.; a $15-billion Micron facility expansion in Boise, Idaho; and the Paul, Weiss, Rifkind, Wharton & Garrison office tower renovation in New York.
Acquisitions reshape the Top 100
Over the past 18 months, more than a dozen distributors that were previously ranked on EW’s annual listing of the largest distributors were acquired. Sonepar North America, Charleston, S.C., was once again the most active acquirer, with seven large acquisitions in the United States or Canada, but the other national distributors (WESCO, Graybar, Rexel, and Consolidated Electrical Distributors) were active as well, and all acquired major distributors previously ranked in EW’s listings.
Companies that were acquired include Blazer Electric Supply, Colorado Springs, Colo.; Desert Electric Supply, Palm Springs, Calif.; Dominion Electric Supply, Arlington, Va.; Electric Supply Center (ESC), Burlington, Mass.; Electrical Supplies Inc., Miami; Kovalsky-Carr Electric Co., Rochester, N.Y.; Madison Electric Co., Warren, Mich.; Parrish-Hare Electrical Supply, Irving, Texas; Standard Electric Co., Saginaw, Mich.; and Summit Electric Supply, Albuquerque, N.M.. So far in 2025, three Top 100 electrical distributors have been acquired — Schwing Electrical Supply Corp., Farmingdale, N.Y.; and Swift Electric Supply, Teterboro, N.J.; and Warshauer Electric Supply, Tinton Falls, N.J.
Investing in change
While it wasn’t uncommon for the largest electrical distributors to invest in new branches or regional distribution centers, manage an executive succession plan, refine their ERP computer operating system, or make acquisitions, Border States, Fargo, N.D., has been involved with all of these initiatives in 2024 and 2025.
In addition to acquiring Dominion Electric Supply, Arlington, Va., and adding more than 300 employee-owners in 10 locations to service government, commercial, residential and data centers in Virginia, Maryland, and Washington, D.C., the company embarked on several major initiatives, including the appointment of Jason Seger as president and CEO, following the retirement of David White in March 2024.
The company is building several new distribution centers and is working on a new corporate operating model, Thomas Nelson, the company’s communications director, said in his survey response, “Border States introduced a new operating model, which places greater emphasis on providing a customer-centric, streamlined experience at branches across the country, and aligns with the company’s commitment to supporting their customers’ unstoppable businesses,” he wrote. “The new model focuses on two key areas of Border States’ business — growing and fulfilling customer relationships. With this shift, leadership at Border States also realigned to best support the needs of customers, vendors, and employee-owners.
“A key strategy to support the new operating model is the implementation of distribution centers to enhance Border States’ network of 131 locations. Branches and distribution centers will work together to scale for optimization, while still allowing for customization and delivering cost-effective and unique experiences for customers.”
New branch expansion
Despite the mix of 2025 revenue growth forecasts from the largest distributors — and the fact that their customers are buying more products online than ever from their websites and other sources, they also enjoy the convenience of shopping at local branches, judging from the number of new branches electrical supply houses opened up over the past year. Distributors on Electrical Wholesaling’s list now operate at least 8,000 local branches. They have recently opened up dozens of new branches. For example, City Electric Supply, Dallas, opened up more than 30 new locations in 2024 and plans to open more this year. Elliott Electric Supply, Nacogdoches, Texas, has relied on new branches to fuel growth for many years, but the past 18 months have been particularly busy for the company on this front, with new locations in Doraville, Ga.; Yukon, Okla.; Laredo, Texas; Fort Collins, Colo.; Jacksonville, Fla.; Charlotte, N.C.; Kansas City, Mo.; Durant, Okla.; El Paso, Texas; Cookeville, Tenn.; Prescott Valley, Ariz.; Jonesboro, Ark.; Centennial, Colo.; and Colorado Springs, Colo. Elliott Electric Supply’s new branches in Jacksonville and Charlotte are its first locations in those states.
In addition to building new RDCs in the Charlotte, N.C., and Fargo, N.D., markets. Border States opened a new branch in Tampa, Fla., to service the utility market. Other companies opening new branches over the past year include Atlantic Coast Electric Supply, Summerville, S.C.; Coburn Supply Co., Beaumont, Texas; D&S Electrical Supply Co., Pocatello, Idaho; Dakota Supply Group, Fargo, N.D.; Dulles Electric Supply Corp., Sterling, Va.; Facility Solutions Group, Austin, Texas; Inline Electric Supply Co., Huntsville, Ala.; K/E Electric Supply Co., Mt. Clemens, Mich.; Lonestar Electric Supply, Houston; Main Electric Supply Co., Santa Ana, Calif.; Rural Electric Supply Cooperative (RESCO), Middleton, and CEEUS, West Columbia, S.C. (Glenn Allen, Va.).
By the numbers
The 2025 Top 100 distributors do a combined total of $108.5 billion in revenues — 73% of estimated 2024 industry sales of $148 billion. The 10 largest distributors on this year’s list do an estimated $77.6 billion in sales for a 52% share of total industry sales. At least 19 distributors on this list do at least $1 billion in annual revenues — and, in total, companies on this year’s list employ at least 151,887 workers (counting Grainger and Fastenal), or at least 102,180 employees if you just count full-line distributors and electrical product specialists.
Although the largest distributors in Electrical Wholesaling’s annual ranking have some differences of opinion on the short-term business prospects in the electrical construction industry, the scale of the investment in their businesses shows proof they are bullish on longer-term growth potential of this market and will continue to be the primary electrical supply option for electrical contractors, facility maintenance personnel, and other electrical professionals for years to come.