Sonepar Canada acquires MGM Electric Ltd

Sonepar

 Sonepar Canada has entered into an agreement to acquire MGM Electric Limited, a leading, full line electrical distributor in Thunder Bay and Northwestern Ontario. The acquisition is scheduled to be completed by April 1st, 2014. 

“MGM Electric is a great addition to our Northern Ontario footprint, outlining many synergies with our current businesses,” says Francois Anquetil, President and Managing Director of Sonepar Canada. MGM Electric has been in business for over 25 years, becoming a leading full line electrical supply and lighting wholesaler in Thunder Bay and Northwestern Ontario. 

MGM Electric will join Sonepar Canada’s Ontario division, consisting of Dixon, Gescan, Osso, Sesco and Texcan. The existing MGM executive management team will remain with Tere McDonald as President, Doug Chadwick as Vice President of Sales, and Ed Fukushima will become an external consultant providing continued leadership to the business. 

 

Related Articles

Changing Scene

  • EFC Welcomes Deep Electrical Supply as a New Distributor Member

    EFC Welcomes Deep Electrical Supply as a New Distributor Member

    Deep Electrical Supply brings over 25 years of expertise to customers across Canada. As a locally owned business, they focus on providing a straightforward and supportive shopping experience. With nationwide delivery and accessible expert advice, their team is ready to help you find the right electrical solutions. Whether you’re a professional or working on a… Read More…

  • SATCO Celebrates 60 Years of Excellence in Lighting, NUVO Marks 20 Years of Design Innovation

    SATCO Celebrates 60 Years of Excellence in Lighting, NUVO Marks 20 Years of Design Innovation

    SATCO proudly announces the celebration of its 60th anniversary, marking six decades of sustained growth, innovation, and service excellence. Concurrently, NUVO, a prominent lighting brand under the SATCO umbrella, celebrates its 20th anniversary, highlighting two decades of cutting-edge design and creative solutions for residential and commercial spaces. Founded in 1966, SATCO has consistently demonstrated a… Read More…

Peers & Profiles

Copper US Dollar Price Per Pound