Sonepar Acquires Aztec Electrical Supply Inc. and Moves into Number 2 Spot in Canada
November 2, 2022
Sonepar has returned to the acquisition mode in Canada. On November 2 Sonepar announced that its wholly-owned Canadian subsidiary, Sonepar Canada, Inc. has acquired Aztec Electrical Supply Inc. (“Aztec”). With a strong presence in the province of Ontario, the acquisition of Aztec will strengthen Sonepar’s ability to grow their industrial business model across the Greater Toronto Area.
The acquisition of Aztec by Sonepar changes the Canadian landscape moving Sonepar into the number 2 position behind Wesco and ahead of both Rexel and Affiliated Distributors.
Founded in 2002, Aztec expanded its market presence across Ontario opening four branches located within Vaughan, Cambridge, Mississauga, and Burlington. Aztec will add over 100 associates to the Sonepar network in Canada and is expected to record sales revenues of over $70 million in 2022.
“Aztec was built on the principle that electrical distribution could be unique and specialized. Our goal was to create an automation and industrial electrical distributor with differentiated product alignment, best-in-class technical service, and a highly engaged sales team, meeting the needs of the industrial market,” said Kevin Borg, Aztec’s Vice President of Sales & Operations. “Moving forward, Aztec will be able to leverage the size and scale of Sonepar to grow its business significantly.”
“As we aim to diversify our market offerings and create future business opportunities, Aztec’s robust business approach of specialized distribution coupled with its dedicated sales force will serve as a great complement to Sonepar’s growing business in Ontario,” stated Francois Anquetil, President of Sonepar Canada.
Aztecs four branches increases the Sonepar footprint to 23 branches in Ontario.
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