WARREN — Madison Electric Co., one of Michigan’s largest wholesale distributors of electrical, automation, HVAC, PVF, plumbing, water management, and network communication systems and components, is celebrating 100 years as a Michigan family owned business.
In celebration of its centennial, the company is committed to raising $100,000 for local charities to show its appreciation for the community that has supported Madison in a century of success. The charitable organizations include: Karmanos Cancer Institute, Gleaners Food Bank, Detroit Institute for Children, and Michigan Freedom Center. In addition to the fundraising efforts spearheaded by family executive leadership, Madison associates will also participate in planned fundraising events and volunteer activities at the four selected charities throughout the year.
Over the past century, Madison Electric Co. has grown from two employees to a multi-faceted corporation comprised of eight locations, 150 employees and $80 million in annual sales.
The company was founded in 1914 by brothers Morris and Max Blumberg and has remained under the leadership of their decedents ever since. It enters its second century presided over by Brett Schneider, great-grandson of Morris, marking the fourth generation of leadership.
“Every generation of leadership has made it their goal to leave the company even better than they found it,” said Benjamin Rosenthal, CFO. “It’s this mentality that drives us to try new things, invest in new technology and expand our offerings.”