Limerick-founded electrical wholesaler increases footprint with Mullingar acquisition
Leading electrical wholesale distributor Trade Electric was founded in Limerick in 1971
A LEADING wholesale electrical distributor, founded in the heart of Limerick in 1971, has made a key acquisition.
Trade Electric Group, which has operated from Lower Gerald Griffin Street since its inception, has bought Mullingar Electrical Wholesale.
The deal cements Trade Electric’s position as the largest Irish owned electrical wholesale business in this country.
It was Paul Costelloe who set up the company, after a stint working at Stokes and McKiernan’s.
Today, the company is led by his son, managing director Fergal Costelloe.
And it has significantly expanded.
It has two branches in Limerick - its original home in Lower Gerald Griffin Street and in Newcastle West.
On top of this, there are outlets at Stillorgan, Tallaght and Santry in Dublin.
It’s also present in Cork, Kilkenny, Killarney, Nenagh, Waterford and Wexford.
Mullingar Electrical has four branches - Mullingar, Longford, Tullamore and Dundalk and 35 staff.
It is led by Peadar Conlon.
Following the deal, Trade Electric Group will have 15 branches and 120 employees and will become the largest Irish owned electrical wholesale group in the country.
Turnover at the combined businesses will be in excess of €60 million.
Fergal Costelloe said: “This sector has seen growing interest from internationally backed firms, so we are delighted to strengthen our position as an Irish-owned champion in the sector. Mullingar Electrical Wholesale is a fine business, and we look forward to working with Peadar and his team on the integration. We will continue to look out for other opportunities to acquire like-minded firms and consolidate our position in this market.”