Tracked deals
4
4 tracked deals across 2023-2026.
Jacksonville, Florida, United States
Wholesale distributor in Florida and Georgia serving electrical contractors and other customers such as energy management contractors, solar lighting and solar energy, OEMs, MROs, and municipalities.
Tracked deals
4
4 tracked deals across 2023-2026.
Recent pace
1
1 tracked deal announced in the last 12 months.
Deal mix
Buyout
4 buyout
Last 3 years
Supporting Data
Private equity firm Sentinel Capital Partners has sold NSI Industries, a North American electrical and industrial distribution platform, to French multinational Sonepar. The transaction marks Sentinel’s exit after a six-year hold in which NSI was transformed through an aggressive buy-and-build strategy, including 12 add-on acquisitions.
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.
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.
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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