The History of Dakota Supply Group

 

1898 Dakota Supply Group established in May as Fargo Plumbing.
   
1901 Bought Pioneer Electric Company and started in wholesale electric supply business and electrical contracting.
   
1929 Changed name to Dakota Electric Supply Company.
   
1946 Development of company song "DakotaLand."
   
1948 Ownership split into two separate divisions and went separate ways: the contracting division (Dakota Electric Construction, which is still in business today) and the wholesale division.
   
1954 Original owner’s son sold the company to a group of employees (this was the first major ownership change).
   
1976 Two people in the management group retired, creating a form of Employee Stock Ownership Plan as a way of liquidating their stock.
   
1981 The 1976 ESOP sold the company to a conglomerate known as ESMARK, which in turn was purchased by Beatrice. During the next ten years, the company was bought and sold as part of a larger group of electrical distributors eight times.
   
1991 Current ownership through a KSOP arrangement purchased the company using, in large part, the 401(k) trust fund of 34 employees and private investments.
   
1996 KSOP arrangement became current ESOP.
   
1999 Purchased PLAINSCO.
   
2000 Changed name to Dakota Supply Group.
   
2001 Purchased J.I. (John Iverson) Company.
   
2003 Purchased Barber Electric.
   
2005 Purchased R & N Supply.
   
2006 Purchased Wedum Supply.
   
2007 Purchased Hydro Metering Technology.
   
2007 Moved into new Alexandria facility.
   
2007 Opened Bemidji Branch.
   
2008 Moved into new Bemidji facility.

 

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