Sonepar, a Paris-based distributor of electrical products, solutions and related services with U.S. headquarters in Charleston, S.C., announced that this year’s seven North American acquisitions have represented over $2 billion in additional revenue.
Don’t miss any content from Distribution Strategy Group. Join our list.
The privately owned company’s strategic expansion in the North American market has added approximately 1,700 new employees and 89 new locations.
“Each acquisition is carefully considered, and we look to partner with the best local and regional distributors, which share our values and desire to grow,” said Rob Taylor, president of Sonepar Americas. “We work closely with the leadership of companies we engage with to understand what makes them a success, with the goal of enhancing the local go-to-market approach and culture with significant investment and new capabilities. This strategy will continue to be an important focus for Sonepar across the Americas.”
“North America is our largest market, where Sonepar leads in building and industrial verticals serving customers with a best-in-class level of service,” said Philippe Delpech, Sonepar’s president and CEO. “With 36 billion dollars in sales in 2023, Sonepar is the world leader in B2B electrical distribution of products and services, deploying a global automated supply chain and a proprietary omnichannel digital platform called Spark.”
Sonepar now has 548 branches across North America and operates in 40 countries.
