# Van Meter to acquire remaining stake in Werner Electric

Van Meter Inc. announced its intent to purchase the remaining business of Werner Electric from MacDonald Ventures. The sale is expected to close on April 30, 2021, giving Van Meter full ownership of the Minnesota-based electrical distributor.

- Type: Acquisition
- Announced: 2021-04-07
- Where: Cottage Grove, Minnesota, United States
- Jobs: 325
- Status: announced
- Products: electrical and automation services, supplies, and solutions
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Van Meter](https://endata.com/companies/54306.md) (acquirer)
- [Werner Electric](https://endata.com/companies/54307.md) (target)
- [MacDonald Ventures](https://endata.com/companies/54308.md) (partner)

## Sources

- [edisonreport.com](https://edisonreport.com/2021/04/07/van-meter-prepares-to-purchase-minnesota-based-werner-electric/), 2021-04-07: "Van Meter Inc., a 50 percent partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, announced today their intent to make a stock purchase of the remaining business from MacDonald Ventures."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.