Cedar Rapids-based electrical wholesaler Van Meter Inc. announced its intent to become 100% owner of the parent company of Werner Electric, a Minnesota-based electrical supplier, the Corridor Business Journal reported. Van Meter Inc. is currently a 50% partner in Werner Ventures LLC, the legal entity that owns Werner Electric. It now plans a stock purchase of the remaining business from MacDonald Ventures. The sale is expected to close on April 30. Werner Electric, which has 325 employees, operates six locations in Minnesota and two in Wisconsin. The joint ownership model of Werner Electric of Minnesota began in 2001 when Van Meter and MacDonald Ventures partnered to purchase an independent electrical distributor known as Northland Electric.