September 27, 2025

Tech Electric Acquired by Industry Veterans in Leadership Transition

here-intlog
September 27, 2025
6:36 am
Milwaukee

News Summary

Tech Electric, based in Menomonee Falls, has undergone its first leadership change outside the founding Wick family since 1984. Acquired by Victor Bande and Brian Pierce, former executives at Velvac, the transition aims to maintain the company’s success and expand its portfolio. The Wick family will remain involved during the transition period, ensuring continuity in operations and client relationships while pursuing future growth strategies.

Menomonee Falls, WI – Tech Electric, an electrical distribution company based in Menomonee Falls, has been acquired by Victor Bande and Brian Pierce, marking the company’s first leadership transition outside of the founding Wick family since its establishment in 1984. The acquisition closed in August 2025, and the terms of the deal were not disclosed.

Bande and Pierce previously held executive roles at Velvac, an automotive manufacturer in New Berlin, where Bande served as Director of Operations and Pierce as Vice President of Finance. Their decision to acquire Tech Electric followed their attendance at BizTimes Media’s M&A Forum in March 2025. The experience they gained in the distribution industry and the need for an exit strategy from the previous owners were key factors in their decision.

The Wick family, the previous owners of Tech Electric, emphasized the importance of transferring the company to new proprietors who would uphold its established business model and client relationships. Following the acquisition, Keith Wick will remain involved with the company until the end of the year before retiring. Dave Wick will take on the role of Vice President of Sales, while Tony Wick will continue as a partial owner and Vice President of Engineering.

Bande and Pierce plan to sustain Tech Electric’s current success while pursuing aggressive growth through both organic development and additional acquisitions in the coming years. They have expressed aspirations to expand Tech Electric’s portfolio by acquiring more companies in the future.

Tech Electric has a strong history of significant projects in southeastern Wisconsin, including renowned facilities such as the Fiserv Forum, Summerfest, Milwaukee County Zoo, Bradley Center, various University of Wisconsin schools, Potawatomi Hotel & Casino, and American Family Field. The company provides a wide range of services, including coordination studies, short circuit studies, arc flash studies, on-site services, and turnkey installations.

With the acquisition, Tech Electric aims to ensure a seamless transition that preserves its established operations and emphasizes customer satisfaction. The leadership change brings a fresh vision to this long-standing company, positioning it for future growth while continuing to serve its existing clientele effectively.