Electrical Equipment Company Acquires Foster Electric Company
Acquisition Marks Continued Growth During EECO's 100th AnniversaryYear
RALEIGH, N.C.
Electrical Equipment Company (EECO), a full-line electrical distributor specializing in Industrial Automation and Power Solutions, based in Raleigh, N.C., today announced that it has acquired Foster Electric, an independent electrical supply distributor based in Lynchburg, Virginia. The transaction closed on August 11, 2026. Terms of the transaction were not disclosed.
The acquisition comes as EECO celebrates its 100th year in business, having been founded in Raleigh in 1926.
By bringing the two companies together, EECO and Foster Electric are able to build on what each already does well without changing what makes either company successful. EECO brings deep expertise serving industrial and automation-focused customers, while Foster Electric has built nearly 70 years of relationships in the electrical contractor market in Central Virginia.
Foster Electric will continue to operate under the Foster Electric name, from its current location in Lynchburg, with its existing team of 25 associates.
Foster Electric will continue to operate as usual, with the same team, same location, and the same commitment to servicethat customers have relied on for decades.
About Foster Electric
Founded in 1956, Foster Electric is an independent, full-line electrical supply distributorserving Central Virginia and the surrounding region from its facility in Lynchburg, VA. Formore information, visit www.fosterelectric.com.
About EECO
Founded in 1926, Electrical Equipment Company (EECO) is celebrating its 100th anniversary this year. EECO is a full-line electrical distributor specializing in Industrial Automation and Power Solutions. EECO operates 11 locations across Virginia, North Carolina, and South Carolina, with approximately 265 associates and annual sales of $250million. For more information, visit www.eecoonline.com.
"For nearly 70 years, our team has focused on taking care of the customers andcommunities we serve, and that won’t change, joining EECO gives us access to greaterresources while allowing us to keep operating the way our customers have come toexpect.” - Duane White, President of Foster Electric
“Foster Electric’s reputation for service and deep roots in the Lynchburg market makethem a great fi t for EECO. As we celebrate 100 years of serving our customers,welcoming Foster Electric's team and supporting their continued success as anindependently operated part of our company is exactly the kind of growth we want tobuild on.” - Mark Holmes, President & CEO of Electrical Eqiupment Company