"On behalf of Sonepar’s 45,000 associates around the world, I am very excited to welcome Springfield Electric into the Sonepar family."
Sonepar has officially closed the acquisition of Springfield Electric Supply Company, Illinois expanding its presence in the USA.
This acquisition offers Sonepar a very solid platform for growth and expansion in a part of the USA where the Group is not currently present. A family-owned business headquartered in Springfield, Illinois since 1912, Springfield Electric offers a full line of products and services to electrical contractor and commercial accounts. Operating in Illinois, Indiana, Missouri and Iowa, Springfield Electric joins Sonepar with 19 branch locations, 350 associates, and a century track record in the electrical wholesale distribution business. In 2020, Springfield Electric recorded sales of around €200m.
Chris Scarbrough, CEO of Springfield Electric, said “Joining Sonepar presents great opportunities for both our customers and employees. We look forward to working with Sonepar to leverage their resources and enhance our business capabilities, especially around digital solutions, and customizable services. This union is the next chapter in our growth story.”
“On behalf of Sonepar’s 45,000 associates around the world, I am very excited to welcome Springfield Electric into the Sonepar family. Their geographic footprint, strong performance and highly talented leadership team makes this a highly strategic fit for us. It is a win-win for both companies and our combined expertise will reinforce Sonepar’s position as a leading North American electrical distribution platform,” commented Philippe Delpech, Sonepar CEO.
In the United States, Sonepar serves the market with a network of electrical and industrial distributors with 700 locations and coverage in all 50 states. The Springfield Electric acquisition signals Sonepar’s intent to grow its business in the 7th largest electrical market in the country. The acquisition is expected to close in August, subject to customary regulatory approvals.
Sonepar is an independent family-owned company with global market leadership in B-to-B distribution of electrical products, solutions and related services. Through a dense network of 100 brands spanning 40 countries, the Group has an ambitious transformation agenda to become the first global B-to-B electrical distributor to provide a fully digitalized and synchronized omnichannel experience to all customers. Drawing on the skill and passion of its 45,000 associates, Sonepar had sales of €23 billion in 2020. Sonepar makes its customers’ lives easier, over the counter, visiting customers, by phone or online, however we’re needed. Sonepar’s ambition is to become ‘La Référence’ - the standard setter for all its stakeholders. For more information, visit sonepar.com