Sonepar: 2024 Deals Add $2B in Revenue - Modern Distribution Management

Sonepar: 2024 Deals Add $2B in Revenue

Sonepar significantly expanded its North American presence in 2024, now operating 548 branches across all provinces, territories and states.
Credit: Sonepar

Electrical supplies distributor Sonepar acquired seven North American companies in 2024, adding more than $2 billion in revenue, approximately 1,700 new associates and 89 additional branches, the company shared Nov. 13.

The France-based company — which has Americas headquarters in Charleston, SC — has closed 21 acquisitions in North America since 2021.

Sonepar has expanded its network with several automated distribution centers and increased branch density, now operating 548 branches across all provinces, territories and states in North America.

“North America is our largest market, where Sonepar leads in building and industrial verticals serving customers with a best-in-class level of service,” Sonepar President & CEO Philippe Delpech said in a news release. “With $36 billion 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. Today, the U.S. is leading in size, processes, technology and workforce quality.”

Premium: A Study of Sonepar’s North American Acquisitions Journey (May)

The company said it built on its recent advancements by introducing new services such as panel shop design and assembly, while also expanding its expertise and product offerings in the solar, EV, industrial, broadband, and utility sectors.

“Each acquisition is carefully considered, and we look to partner with the best local and regional distributors, which share our values and desire to grow,” Sonepar Americas President Rob Taylor added. “We truly believe that acquisitions are a strategic partnership that benefits all parties. We work closely with the leadership of companies we engage with to understand what makes them a success, with the goal of enhancing the local go-to-market approach and culture with significant investment and new capabilities. This strategy will continue to be an important focus for Sonepar across the Americas.”

Sonepar’s Biggest Acquisitions of 2024:

In other recent company news Sonepar said it restructured the company’s Americas leadership teams on Oct. 9. The company also kicked off its inaugural national brand advertising campaign entitled “Our Knowledge is ELECTRIC.” The initiative is set to continue throughout 2025.

Sonepar’s North American operations were No. 2 on MDM’s Top Distributors List for Electrical/Data/Security products.

Sonepar's mergers and acquisitions team, left to right: VP General Counsel US Transactions and Americas M&A Strategic Advisor Jason Locklair, VP of Mergers and Acquisitions (SVP Finance Americas, effective Jan. 1) Kris Prebola, SVP General Counsel & Strategic Development, Americas Peter Bruhn and M&A and Strategic Development Manager, Sonepar U.S. Conor Elliot
Sonepar’s mergers and acquisitions team (left to right): VP General Counsel US Transactions and Americas M&A Strategic Advisor Jason Locklair, VP of Mergers and Acquisitions (SVP Finance Americas, effective Jan. 1) Kris Prebola, SVP General Counsel & Strategic Development, Americas Peter Bruhn and M&A and Strategic Development Manager, Sonepar U.S. Conor Elliot

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