Mayer Electric Supply Company establishes endowed scholarship
Mayer Electric Supply Company has established a $25,000 endowed scholarship at Auburn University at Montgomery. Glenn Goedecke, Executive Vice President-Business Development, said the scholarship is for first-generation students who have a minimum GPA of 2.5.
Partnerships with businesses in the River Region and throughout the state are important to our university. "We are very appreciative of Mayer Electric Supply Company’s very generous gift to Auburn University at Montgomery. This will support our strategic objective of increasing scholarship support for our students," said Chancellor John G. Veres III.
When asked why Mayer Electric Supply Co decided to be a part of the campaign efforts, Glenn Goedecke said, “Education has been a core value of Mayer’s culture for many years, and for us to create an endowment that supports this mission and allows a student to gain an education and become a productive individual in today’s economic society certainly meets our intentions of our contribution. We continuously need to invest in our younger generation, and hopefully build the foundation for creating a funnel of succession candidates for the future. Mayer Electric’s owners and leaders believe in a reputation of goodness, flawless execution of performance and being best in class. Our vision of “First Choice” is having associates who have a love for learning, original thought process, who keep an open mind, use both heads and heart, and listen to what is said and meant in order to separate problems from symptoms and work well together. If our investment in new leaders and in new innovative minds creates the above results, then we will have seen success.”
Mayer Electric Supply Co. Inc. began as "The Electric Supply Company" when it was founded by the late Ben S. Weil in Birmingham in 1930. The economic collapse in the 1930s caused the business to be sold to Max Mayer, who renamed the company Mayer Electric Supply. Weil remained with the company as the General Manager and repurchased the company in 1934, but decided to keep the name in honor of Mayer.
In 1979, Charles Collat Sr. and his family acquired the portion of the stock of the company that had been held by Leonard Weil, the founder's son, leaving the Collat family as the sole owners of the business.
Mayer Electric Supply Co. Inc. began its rapid expansion in the late 70s with branch openings occurring through the southeast region. The pace has quickened with the company expanding to nine states and now 52 locations, which includes Montgomery. The company today, still headquartered in Birmingham, has $670-plus million in sales and is among the largest electrical distributors in the United States.