Sonepar USA’s OneSource Distributors Tops $1B in 2022 Sales - Modern Distribution Management

Sonepar USA’s OneSource Distributors Tops $1B in 2022 Sales

OneSource saw significant growth in each of its business segments in 2022.
OneSource Fullerton CA[43]

Electrical distributor Sonepar USA announced Feb. 10 that OneSource Distributors, one of Sonepar’s operating companies, surpassed $1 billion in sales in 2022.

Since it was founded in 1983, OneSource has grown to 530 associates and 15 locations across California, Hawaii, Arizona and Baja California. The company — which primarily distributes electrical products and services across the contractor, industrial, renewables and utility markets — saw significant growth in each of its business segments in 2022, according to a news release. Sonepar acquired OneSource in 2011.

“We reached this major milestone by staying focused on our people, our partners, and our performance excellence,” OneSource president Matt Weber said in the release. “Our investments in culture as well as services and solutions, allowed us to build a structure for continuous growth. We have improved our overall customer experience and the results are reflected in this achievement.”

“OneSource has aggressive plans to continue enhancing its customer offerings and supply chain network,” Sonepar North America president Rob Taylor said in the release. “In 2020, OneSource opened a new CDC in Fullerton, California, and has plans to open a new distribution center in Honolulu, Hawaii this year. OneSource is also expanding its Oceanside, California RDC creating an improved San Diego customer experience. We’re very proud of the OneSource team and celebrate their milestone success.”

Sonepar USA, a subsidiary of France-based Sonepar, ranked No. 2 on MDM’s 2022 Top Electrical, Data & Security Distributors list.

MDM’s M&A Virtual Summit, to be held Feb. 22-23, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.

 

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