October 26, 2023: Wiseway, a leading value-added distributor of electrical and plumbing products and a current portfolio company of Indianapolis-based private equity firm CID Capital (“CID”), announced that Wiseway has acquired Stearns Supply.

“This acquisition adds a great, longstanding brand in a tangential but untapped market for Wiseway" said Wiseway CEO John Cain. " The acquisition of Stearns Supply fits well with our long-term plan of strategic, profitable growth both organically and through tangential market M&A.”

About Wiseway

Headquartered in Florence, KY, Wiseway is a leading value-added distributor of electrical and plumbing supplies to residential and commercial contractors. The Company has 12 locations spreading from Central Ohio, Central Kentucky and Southern Indiana, including the greater Cincinnati, Indianapolis and Lexington areas.