Mayer Electric Supply Company, Inc. signed an asset purchase agreement to acquire The Hite Company from Lee Hite and family on March 12, 2018. The Hite Company will become the Northeast Region of Mayer Electric Supply and will operate as The Hite Company, a Division of Mayer Electric. The Hite Company will retain its name and brand. The Hite Company has reported revenues of over $143 million in the year ending December 31, 2017. T. Scott Lawhead, President and Chief Executive Officer will be the new Division Vice President for the Northeast. All associates of The Hite Company will continue to operate after the transaction. The Hite Company will operate essentially unchanged, with purchasing and payables remaining centralized in Altoona. The transaction is expected to close on March 26, 2018.

The Hite Company distributes electrical, and lamps and lighting products. It also offers automation and control, data communications, heating and ventilation, professional audio/video, power quality, and surveillance and security products; electronic components; fiber optics, data centers, intelligent transportation systems, and distributed antenna systems; and industrial networking, building automation, intelligent building networks, local area networks, wide area networks, and wireless networks products. The company also rents tools, power monitoring equipment, video projectors, and others. In addition, it offers after-hours emergency services, lighting and energy audits, recycling services, and training services. The company?s customer base consists of electrical contractors, purchasing agents, builders, maintenance personnel, and end users representing residential, commercial, industrial, institutional, and government markets. It serves customers in Pennsylvania, southwestern New York, and northern West Virginia. The Hite Company was formerly known as The Penn Central Equipment Company and changed its name to The Hite Company in 1968. The company was founded in 1949 and is based in Altoona, Pennsylvania with locations in Pennsylvania, New York, and West Virginia with lighting showrooms in Altoona, State College, Erie, Williamsport, and Johnstown.