Franklin Empire Inc. Announces Acquisition of O’Neil Electric Supply, Strengthening its Presence in Ontario & Eastern Canada
February 19, 2026
Franklin Empire Inc. Announces Strategic Acquisition of O’Neil Electric Supply
Franklin Empire Inc., a major independent electrical distributor in Eastern Canada, is proud and excited to announce that it has entered into a definitive agreement to acquire O’Neil Electric Supply, an Ontario-based electrical distributor, subject to customary closing conditions, including receipt of required regulatory approvals. This strategic acquisition further strengthens Franklin Empire’s position within the electrical industry and supports its long-term growth strategy.
Both Franklin Empire and O’Neil Electric are family/privately-owned businesses and member-owners of Affiliated Distributors (AD), sharing closely aligned cultures, values and business philosophies. Built on a foundation of entrepreneurship, customer focus, and long-standing relationships, the two companies also share a common vision for the future.
This acquisition is driven by a commitment to long-term continuity and succession. The combined business will be focused on stability and growth. Franklin Empire remains firmly committed to its people and to preserving the strong teams and local expertise that have contributed to the success of both organizations. Together, Franklin Empire and O’Neil Electric will enhance their ability to deliver increased value to customers across Ontario. By leveraging complementary strengths, market focus, and shared supplier partnerships, the combined organization will expand service capabilities, enhance customer experiences, and create added value for existing and new customers, as well as supplier partners.
Quotes
Commenting on the acquisition, Co-President of Franklin Empire, Cliff Backman said:
“This acquisition marks a very exciting time in Franklin Empire’s history. The cultural alignment between the Backman family and O’Neil family is an excellent fit. We have known and admired each other’s success for many years. We are so happy that O’Neil will remain a part of an independent distributor within the AD community. Together, this will allow us to offer even more complementary solutions and services to our customers while serving broader markets across Ontario.”
Commenting on the acquisition, CEO of O’Neil Electric Supply, Michael O’Neil said:
“When we undertook the decision to sell, identifying the strongest cultural match, while ensuring continued long-term growth, was our highest priority. We have long held a quiet appreciation for Franklin Empire, not only as a respected competitor, but also as a trusted peer and friend within the AD group. We are genuinely excited about the unlimited opportunities that the combined new entity will create for our employees, customers and suppliers, as the Backman family continues to build on their legacy of growth and entrepreneurship.”
Together, Franklin Empire and O’Neil Electric bring 145 years of combined experience, deep industry expertise, and trusted relationships in the lighting, electrical, and automation sectors, positioning the organization for a strong and exciting future.
For more information on Franklin Empire Inc. HERE
For more information on O’Neil Electric Supply HERE
View original LinkedIn post HERE
