W.W. Grainger acquires Alliance Energy Solutions

AP News
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Posted: Nov 18, 2009 3:11 PM

Maintenance products distributor W.W. Grainger Inc. said Wednesday that it has bought Alliance Energy Solutions in an all-cash deal.

Terms were not disclosed.

Grainger expects the deal to increase earnings in 2010 by roughly 1 cent to 2 cents a share.

Alliance Energy Solutions, an energy services company, is based in Oxford, Conn.

Grainger shares fell $2.77, or 2.7 percent, to $98.66 in afternoon trading.