Sonepar’s North American Expansion Brings Over $2Bn in Additional Revenue
November 13, 2024
2024 has been a transformative year for Sonepar in North America as it continues to focus on strategic growth.
Since 2021, Sonepar has closed 21 acquisitions in North America. The acquisition growth alone in 2024 consists of seven companies representing over $2B in additional revenue, approximately 1,700 new associates, and 89 new branches. Sonepar’s North American acquisition strategy is key to the global success of the Sonepar Group.
Sonepar’s mission is to continue as the strongest and most dynamic electrical distribution network across the entirety of North American. It seeks to combine local sales excellence with significant regional and global investments and capabilities to provide customers with the best distribution experience and associates with the most opportunities to succeed.
Philippe Delpech, President & CEO of Sonepar, commented:
“North America is our largest market, where Sonepar leads in building and industrial verticals serving customers with best-in-class level of service. 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. We welcome the more than 1,700 associates who joined the Sonepar family through these seven acquisitions and are already working on combining our strengths for the benefit of customers, suppliers and associates.”
George McClean, President of Sonepar Canada, said:
“We are excited to welcome Electrozad and Robertson to the Sonepar Canada family. These strategic acquisitions demonstrate Sonepar’s continued commitment to excellence for our customers, strategic vendors, and associates. By acquiring companies with shared values, we see mutual benefits, allowing Sonepar to further diversify our product offerings while empowering the acquired companies with new resources to enhance their digital presence, employee programs, and competitive edge in the market. We will be working closely with the company leadership, engaging to understand what drives the success and culture of each company and taking a collaborative approach to ongoing strategy.”
The statistics regarding Sonepar’s investments in North America are striking. Sonepar has added numerous automated distribution centers and significantly increased the density of its branch network, now able to serve every province, territory and state in North America out of 548 total branches. It has also added new service offerings like panel shop design and assembly capabilities, and expanded expertise and product offerings in the solar and EV, industrial, broadband and utility segments. Sonepar’s digital solutions such as Spark, are best-in-class, offering customers a seamless digital experience.
Sonepar will continue to grow organically and through acquisitions and make significant investments across its entire business. The goal is to remain the distributor of choice for all customers across the Americas.
For more information, visit the Sonepar Canada website HERE.
