Mullingar Electrical Wholesale sold to Trade Electric Group

One of the country’s leading wholesale electrical and lighting distributors, Trade Electric Group, has announced the acquisition of one of the leading distributors in the midlands, Mullingar Electrical Wholesale.

Trade Electric Group was founded in 1971 in Limerick, and today it is led by managing director Fergal Costelloe and has branches in Dublin (Stillorgan, Tallaght and Santry), Cork, Kilkenny, Killarney, Limerick (Limerick City and Newcastle West), Nenagh in Tipperary, 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 in a statement: “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.”