A niche distributor that specializes in stocking hard-to-find products not typically stocked at traditional distributors, bestroute.com will operate as a subsidiary of Hughes Supply. After beginning in electrical/voice/data markets, the company will be moving quickly into hvacr, aligning it with Hughes Supply's markets. Michael Gambino, president and founder of bestroute, joins Hughes Supply's "executive leadership team."
Hughes Supply increases interest in bestroute.com
December 1, 2000
Hughes Supply Inc. has acquired the remaining interest of on-line distributor bestroute.com LLC. Previously, Hughes Supply owned 49% of bestroute.com. The completed acquisition brings Hughes' total investment in bestroute.com to approximately $23 million.