Sonepar Buys Springfield Electric Supply to Bolster Growth in Midwest Region

摘要

Sonepar USA Holdings Inc., Charleston, SC, has entered into an agreement to acquire Springfield Electric Supply Co., a family-owned business headquartered in Springfield, IL, since 1912, Springfield Electric Supply offers a full line of products and services to electrical contractor and commercial accounts. Operating in Illinois, Indiana, Missouri and Iowa and ranked #43 on Electrical Wholesaling's 2021 ranking of the 150 largest electrical distributors in North America, Springfield Electric joins Sonepar with 19 branch locations, 350 associates, and a 100-year track record in the electrical wholesale distribution business. Springfield Electric had 2020 sales in excess of $200 million. "Springfield Electrics geographic footprint and strong performance makes this a highly strategic fit for us," said Rob Taylor, president of Sonepar North America, in the press release. "Its strong leadership team and culture of outstanding customer service aligns very well with ours. This acquisition offers Sonepar USA a very solid platform for growth and expansion in territories where we are not currently represented."