May 08, 2024

Venable Represents Shareholders of Dominion Electric in Sale to Border States Industries, Inc.

1 min

Venable represented the Shareholders of Dominion Electric Supply Company, Inc. and Dominion Electric Supply Company of Washington, LLC, which are long-time firm clients, in the sale of the companies to Border States Industries, Inc. Dominion Electric was established in 1940 and has grown to more than 300 employees and nine branches in Virginia and Maryland. Border States is a 100% employee-owned company and is rated the sixth-largest electrical distributor in the United States. Border States has more than 3,200 employee-owners and 120 branches in 29 states, and this acquisition by Border States will mark a geographic expansion for Border States on the East Coast.

Venable’s team was led by Frank Ciatto, Molly Merritts-Ricci, Lauren Williams, and Randi Rubinstein on corporate matters; Patrick Lincoln, Christopher Serrano, and Taylor Beck on real estate matters; Elizabeth Stieff, Walter Calvert, and Christopher Davidson on tax matters; John Wilhelm on employee benefits matters; Jennifer Prozinski and Hayley Degnan on labor and employment matters; John Mavretich on insurance matters; Paul Feinstein, William Vigen, and David Lee on antitrust matters; Ryan Sweigard on intellectual property matters; and Leah Druckerman on privacy matters, with additional valuable assistance from Kimberly Beard.