Border States Buys UtiliCor for Foothold in Tennessee Valley Authority Utility Market

摘要

Border States Electric (BSE), Fargo, N.D., is spreading its utility expertise in the Tennessee market with an agreement to purchase The UtiliCor Corp., with locations in Jackson and Nashville, Tenn. The transaction closed July 29. UtiliCor is a distributor of electrical and communications products exclusively serving the needs of the utility market of the Tennessee Valley Authority (TVA), Arkansas and the bootheel of Missouri since 2002. UtiliCor will continue to operate under the UtiliCor name as a division of BSE in much the same way BSE has kept the name of Harris Electric Supply, a Tennessee full-line electrical distributor BSE acquired in 2007. With the addition of UtiliCor's two locations, BSE now has eight branches in the Tennessee market.