Orlando, Fla.-based Hughes Supply completed its acquisition of Standard Wholesale Supply Co., a distributor of waterworks, electrical and plumbing products serving the Las Vegas area. The transaction closed May 3 and is expected to be immediately accretive to earnings, Hughes said.
Standard Wholesale Supply, which had sales of about $73 million for the fiscal year ended Dec. 31 and has 90 employees, was majority-owned by its president, Gary Crowe. His father founded the company in 1939.