ArkMalibu is pleased to announce that Dan Dungan has joined as Senior Advisor.
Dan Dungan most recently served as Executive Chairman at Springfield Electric Supply Company, a family-owned wholesale distribution company where he worked for more than 38 years. The company supplies electrical and automation products to the industrial, OEM, and construction markets throughout the Midwest.
Dan was involved with the company’s growth strategy, including leading its mergers & acquisitions team and digital transformation strategy. The family sold its ownership in Springfield Electric Supply in August 2021.
Dan is currently Chairman of Ronk Electrical Industries, a family-owned, global manufacturer of electrical products specializing in manual and automatic transfer switches, metering products, and phase conversion.
Dan holds a bachelor’s degree in business administration and finance from Texas Tech University. He enjoys serving on and leading many civic and professional boards in his local community and across the nation. Dan is currently Chairman of the Board of Directors for the Delta Tau Delta Fraternity Education Foundation and a longtime member of the Springfield YMCA Board of Trustees, spearheading the fundraising efforts for two new YMCA facilities in Central Illinois. He is also past board Chairman of the Springfield Sangamon Growth Alliance, an economic development corporation serving Central Illinois.
Dan served as Chairman of the Board of Directors for the National Association of Electrical Distributors where he co-led the association’s digital transformation strategy. He also served as a board member for the IMARK Group, a member-owned, member-governed group of independent distributors serving the electrical, utility, plumbing, and HVAC market segments.
ArkMalibu looks forward to leveraging Dan’s deep experience in the electrical distribution industry to maximize value for future one-time sellers.
Outside of work, Dan is a world-ranked amateur triathlete with podium finishes at 21 Ironman triathlons. He most recently returned to the game of golf after a 30-year absence. Dan and his wife Carolyn reside in Springfield, Illinois and Naples, Florida. Wherever the location, they enjoy spending time with their children and grandchildren.