Sonepar Acquires Madison Electric Company and Standard Electric Company
March 20, 2024
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.
- Buyers
- Sonepar
- Targets
- Madison Electric Company, Standard Electric Company
- Industry
- Industrial Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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