Sonepar is delighted to announce that it has entered into an agreement to acquire North Coast Electric, which expands our coverage and strengthens our ability to provide excellent service and solutions to our customers and business partners in the Pacific Northwest region.
Sonepar is delighted to announce that it has entered into an agreement to acquire North Coast Electric, which expands our coverage and strengthens our ability to provide excellent service and solutions to our customers and business partners in the Pacific Northwest region. North Coast Electric today employs 700 associates and has annual revenues close to $600M.
Family owned and operated since 1913, North Coast is one of the largest and fastest growing electrical distributors in the USA, offering a full line card of commercial, residential and industrial electrical products. This acquisition adds 34 branches to the Sonepar USA network in Washington, Oregon, Idaho, Alaska and Arizona.
“I am thrilled that we have sold North Coast Electric to Sonepar. Sonepar is another family owned company that holds many of the same values that we have embraced since buying the business from the Byrne family in 1974. It was extremely important to make sure that the associates that made for our success were offered a great opportunity to move forward with a world class organization,” said Pete Lemman, CEO of North Coast Electric.
“This is the right decision for our associates, customers and other business partners. We look forward to working and collaborating with Sonepar USA and its operating companies and to continue building on our proud heritage as a progressive, market-leading organization,” said Mike Miller, President of North Coast.
“On behalf of Sonepar’s 44,500 associates operating in 44 countries, I am very excited to welcome North Coast Electric into the Sonepar Group. This agreement is a clear win-win allowing North Coast Electric to become part of Sonepar, the largest electrical B2B distributor on the planet. It will enable Sonepar to establish a leading position in the fast-growing north west part of the United States of America. The acquisition of North Coast Electric will also reinforce Sonepar’s position as a leading North American electrical distributor,” commented Philippe Delpech, Sonepar CEO.
Sonepar USA is a market leader in the B-to-B distribution of electrical, industrial & safety products and related solutions. Sonepar USA is made up of 15 of the finest locally managed electrical and industrial distributors, with coverage in all 50 states. Entering the US in 1998, Sonepar USA has continued to grow over the years due to strategic acquisitions and organic growth. Sonepar USA is a member of the Sonepar Group, an independent family-owned company with global market leadership in B-to-B distribution of electrical products and related solutions.
About North Coast Electric
North Coast has been family owned and operated since 1913 and is the largest independent, full-line distributor of electrical products, services and solutions in the West. For more information, visit northcoastelectric.com.
Sonepar is an independent family-owned company with global market leadership in B-to-B distribution of electrical products, solutions and related services. Assisting customers in a wide range of markets and drawing on the skill and passion of its 44,500 associates, Sonepar has sales of €21.6 billion (as of December 31, 2017). Through a dense network of 167 operating companies spanning 44 countries and 5 continents, and the digital solutions developed, the Sonepar Group delivers greater service and enhanced customer relations every day. Sonepar’s ambition is to become “La Référence” - the standard-setter for all its stakeholders.
For more information: www.sonepar.com