One of Chattanooga’s oldest manufacturers has a new owner.
Quanta Services announced Tuesday it has bought Sherman Reilly in the fourth ownership change for the Chattanooga firm in the past 14 years. Founded in 1927, Sherman Reilly has grown and evolved during the past 97 years and currently produces overhead and underground equipment, reel trailers and stands, and stringing blocks and accessories for electric utilities and contractors across the country.
Terms of the sale were not disclosed, but Sherman Reilly CEO Dave Ring said he expects the alignment with the Houston-based Quanta Services should help Sherman Reilly grow its business while retaining its own brand and staff in Chattanooga. Quanta Services, which has more than 40,000 employees around the world and generated nearly $21 billion in sales in 2023, owns more than 200 businesses and plants around the globe.
“We’re excited about being a part of Quantum Services and think it will be a great strategic fit to help the company continue to grow,” said Ring, a former CEO for Ligchine International Corp. who was named to head Sherman Reilly last November.
Located at 400 W. 33rd St. on Chattanooga’s southside, Sherman Reilly employs about 110 employees, most of whom shared in a portion of the sale proceeds from the company, Ring said.