Fairfield County”™s Master Electric Supply, a more than 75-year-old family-run company, has been acquired by another family business, Danbury-based F&M Electrical Supply Company.
Jon Angel, president of Angel Commercial LLC, a Southport-based commercial real estate brokerage firm, announced the sale this week and represented all parties in the deal.
Details of the purchase were not immediately available but, according to Angel, F&M has relocated Master to a 12,000-square-foot space space at 386 Mountain Grove St. in Bridgeport.
F&M, a family-owned and operated business based in Danbury for more than three decades, will continue to supply electrical products and maintain the continuity of Master’s business relationships, according to Angel.
In 1936, the late Chester Zambardo founded Master Electric Supply. Â The original retail store opened in Bridgeport, selling appliances and electrical items. After World War II, the company expanded into electrical supply and lighting and moved to a larger location with a showroom. In 1984, the company moved to 201 Commerce Drive in Fairfield, where it serviced the electrical market for more than 30 years. Tom Zambardo took over the business in 2004 and continued to run the company until the sale to F&M Electrical Supply Company.
In addition, neighboring Mercedes-Benz of Fairfield has leased 201 Commerce Drive primarily for administration offices and new vehicle preparation. The building will be retrofitted to suit the company’s needs.
