Sonepar Acquires Multiple North American Electrical Distributors (2024)
November 14, 2024
Sonepar announced a series of North American acquisitions in 2024, completing seven deals that together add more than $2 billion in revenue, roughly 1,700 associates and 89 branches to its network. Named transactions reported in industry press include acquisitions of Madison Electric Company, Standard Electric Company, Echo Electric Supply Company, Electric Supply Center and Summit Electric Supply, part of Sonepar’s continued U.S. geographic expansion and capability build-out.
- Buyers
- Sonepar
- Targets
- Madison Electric Company, Standard Electric Company, Echo Electric Supply Company, Electric Supply Center, Summit Electric Supply
- Industry
- Building Products
- Location
- United States
- Transaction Type
- Buyout
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Related Acquisitions
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Sonepar Acquires Madison Electric Company and Standard Electric Company
March 20, 2024
Industrial Services
Sonepar has agreed to acquire Michigan-based distributors Madison Electric Company (Warren) and Standard Electric Company (Saginaw). The two family-run distributors operate a combined 36 locations with over 550 associates and generated roughly $400 million in 2023; the deal is expected to close by the end of April, pending regulatory review.
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Sonepar (World Electric) Acquires Electric Supply of Tampa (ESI) from Supply Chain Equity Partners
October 3, 2023
Electrical Services
Sonepar's U.S. subsidiary World Electric acquired Electric Supply of Tampa, LLC (dba ESI) from private-equity owner Supply Chain Equity Partners. The deal adds nine locations and over 220 associates to Sonepar's U.S. network, with ESI's contractor business to align with World Electric and its utility segment to integrate with Irby Utilities.
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Southwire Company Acquires Madison Electric Products LLC
July 27, 2020
Building Products
Southwire Company, LLC has acquired Madison Electric Products LLC, a Solon, Ohio-based manufacturer of electrical components and accessories. The acquisition adds Madison's product lines, brands and innovation pipeline to Southwire's Tools, Components and Assembled Solutions business and brings 34 employees along with facilities in Solon, OH and Duluth, GA.
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Nautic Partners Acquires Vallen North America from Sonepar Group
February 24, 2022
Industrial Services
Nautic Partners has signed a definitive agreement to acquire Vallen Distribution (Vallen North America) from the Sonepar Group, with participation from Vallen management. The transaction is a carveout intended to transition Vallen to a standalone business and support management's growth plan and operational acceleration.
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Border States Acquires Sequel Electrical Supply
August 11, 2023
Industrial Services
Border States has agreed to acquire Sequel Electrical Supply LLC, a Meridian, Mississippi-based electrical distributor with more than 220 employees and 18 locations across the U.S. Gulf Coast. The acquisition expands Border States' employee-owned distribution footprint into four additional states (Louisiana, Mississippi, Alabama and Florida) and adds complementary construction and industrial customers.
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Schaedler Yesco Distribution Acquires Clarion Electric Supply
October 9, 2023
Building Products
Schaedler Yesco Distribution Inc. has entered into an agreement to acquire Clarion Electric Supply Company, a two-location electrical supply distributor in northwest Pennsylvania. The deal, driven by Schaedler Yesco's western-region growth strategy, is expected to close after due diligence in December 2023 and will expand Schaedler Yesco's footprint to better serve contractors in Northwest Pennsylvania.
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