Van Meter, Incorporated is based in Cedar Rapids and it distributes 800 different brands of electrical and mechanical products to contractors as well as industrial and commercial clients.
It operates out of 14 locations in Iowa and has just completed its purchase of Bright Electrical Supply in Chicago.
Van Meter executives say they plan to open a branch in Omaha before the end of March to serve customers in Nebraska.
In mid-December, Van Meter also gained a 25% ownership stake in a Canadian company. That company, which is based in Ontario, makes systems that monitor electricity consumption in homes and businesses.