We’ve transitioned to employee ownership while keeping the same leadership, team, and commitment to you.
We’re excited to share an important update regarding the future of our company.
Access Electric Supply, Inc. has transitioned to an employee-owned company through an Employee Stock Ownership Plan (ESOP).
This transition reflects a deliberate and strategic decision to strengthen our business for the long term while preserving the values, leadership, and service standards our partners rely on every day. Importantly, this was not a sale or exit. Ownership remains internal, ensuring that the people who serve you daily are directly invested in the success, stability, and continuity of our company.
What this means for our partners:
• The same leadership and experienced team
• The same commitment to service, reliability, and performance
• A stronger long-term ownership structure focused on stability and continuity
As part of this transition, Access Electric Supply, Inc. is moving its primary banking relationship from Coastal Community Bank to Washington Federal (WaFd). Updated banking and remittance information will be communicated separately by our accounting team. Please rely only on official communications from Access Electric Supply, Inc. when updating records.
Aside from this banking update, there are no changes to how we conduct business. Our legal entity name, tax identification number, and day-to-day operations all remain the same.
We believe becoming employee-owned reinforces our commitment to our customers and partners, strengthens our culture, aligns incentives across the organization, and positions Access Electric Supply for sustainable growth well into the future.
If you have any questions or would like to discuss this transition further, your Access Electric Supply contact would be happy to connect. Thank you for your continued partnership and trust. We look forward to building the future together.
ESOP Partner FAQ
What changed at Access Electric Supply?
Access Electric Supply, Inc. transitioned to an employee-owned company through an Employee Stock Ownership Plan (ESOP). The ESOP is a qualified retirement plan that now holds company shares on behalf of employees.
Did the company name change?
No. Our legal name remains Access Electric Supply, Inc.
Is this a new company or a sale?
No. This was not a sale or exit. Ownership remains internal, and the company continues to operate as the same legal entity.
Do we need to set up a new vendor or customer account?
No. Existing accounts remain in place.
Did your tax ID or UBI change?
No. Our tax identification numbers and UBI remain unchanged.
Did your banking information change?
Yes. As part of this transition, Access Electric Supply, Inc. is moving its primary banking relationship from Coastal Community Bank to Washington Federal (WaFd). Updated banking and remittance details will be communicated separately by our accounting team.
Is any action required right now?
Only if you receive official remittance instructions directly from Access Electric Supply, Inc. Otherwise, no action is required.
Will contracts, pricing, or terms change?
No. Existing agreements and terms remain unchanged.
Who do I contact with questions?
Please contact your AES representative with any questions about how this may impact you, or email info@ae-supply.com.