Sonepar had “record” worldwide sales of more than $28.8 billion (€26.4 billion) in 2021, the company announced. In the company’s 2021 “Key Figures” announcement, Sonepar said it finished No. 1 in its market in 11 countries, and the company recorded roughly a million order lines per day during the year. Sonepar also touted its transformative […]
Category: Sonepar
February 2022 M&A Roundup: Sonepar-Nautic Deal Closes out Month
The sheer number of merger-and-acquisition announcements in the distribution industry dropped off slightly in February, but there were still more than a few deals that will likely have impacts across multiple sectors. Private equity firm Nautic Partners, LLC says it has reached a definitive agreement with the Sonepar Group to acquire Vallen Distribution, a company […]
Sonepar to Sell Vallen to Nautic Partners
Private equity firm Nautic Partners, LLC has reached a deal with the Sonepar Group to acquire Vallen Distribution, a company that provides supply chain solutions and services. The acquisition is happening in partnership with Vallen management. Nautic said the sale is anticipated to close “as soon as possible,” following regulatory approval. Financial details were not […]
Sonepar Acquires Belgian Company
Belgium-based electrical distributor and Sonepar Group member Cebeo has acquired Electro Meers, a distributor of electro-technical material also based in Belgium. Financial terms were not announced. The deal is expected to take effect April 1. Electro Meers accounts for an annual turnover of approximately €5 million (USD $5.658 million). The four associates of Electro Meers […]
Crawford Unveils ‘Open-Concept’ Branch
Sonepar company Crawford Electric Supply is opening a new 12,000-square-foot “open-concept” branch in Texas, the company announced. The new location, 23 miles from Austin, includes combined warehouse and counter space to allow customers to self-serve when picking material, Crawford said. Customers can walk the aisles to shop more than 2,600 SKUs of inventory and reduce […]
Sonepar Will Acquire Richards Electric
Electrical and industrial distributor Sonepar USA, a family-owned subsidiary of the privately held Sonepar Group in South Carolina, says it has reached a deal to acquire Cincinnati-based Richards Electric Supply Company. Financial details were not disclosed. Sonepar USA announced the acquisition plans Wednesday. The company said acquiring Richards Electric will add four branches and about […]
Sonepar Unveils New Logo
Electrical and industrial distributor Sonepar has rebranded itself by unveiling a new logo. The company announced the change Tuesday. It is the first time in two decades that Sonepar has rebranded. “Sonepar is proud to launch a new brand identity to support the Group’s ambition to remain the world leader in B-to-B electrical products, systems, […]
Sonepar Promotes VP to President of OneSource Distributors
Sonepar USA, a family-owned subsidiary of the privately held Sonepar Group in South Carolina, announced that Matt Weber has been promoted to president of OneSource Distributors. Weber moves up from his current position as vice president of contractor Sales, effective immediately. Weber replaces Dana Mouritzen, who was promoted earlier this year from president of OneSource […]
