Investments in research and systems and a willingness to embrace the market’s changes show why Group CBS may be the most interesting business in the electrical industry.
Bill Schofield is taking a huge chance. He has made the decision to take a risk and the ball is rolling, one that will significantly affect his business and may change the entire segment of the industry he’s part of. He’s excited, but also wary.
Schofield, president, runs Group CBS, Gainesville, Texas, a company that is no stranger to making waves. It has thrived and grown over 34 years on the controversial margins of the electrical industry, buying, refurbishing, remanufacturing and reselling used and surplus electrical equipment. That end of the market is still reviled publicly by most manufacturers and traditional distributors, characterized as a haven of dusty warehouses stacked with dark piles of dangerous junk sold with a wink. But most of those manufacturers and distributors do business with him, Schofield says.