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Van Meter has been a part-owner of fellow electrical distributor Werner for 20 years. Apr 7th, 2021 Van Meter Inc. CEDAR RAPIDS, IA — Van Meter Inc., a 50 percent partner in Werner Ventures LLC, the legal entity that owns Minnesota-based Werner Electric, announced Monday their intent to make a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to close on April 30. “For 20 years, Van Meter and the MacDonald family have proudly owned and supported a successful and growing business in Minnesota. We find ourselves mutually understanding that our shared Mi...

Van Meter Inc. to buy full ownership stake in Minnesota-based Werner Electric BY BUSINESS RECORD STAFF Tuesday, April 6, 2021 2:52 PM Cedar Rapids-based electrical wholesaler Van Meter Inc. announced its intent to become 100% owner of the parent company of Werner Electric, a Minnesota-based electrical supplier, the Corridor Business Journal reported. Van Meter Inc. is currently a 50% partner in Werner Ventures LLC, the legal entity that owns Werner Electric. It now plans a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to clo...

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