Sonepar USA, a subsidiary of the privately held Sonepar Group, announced that it has entered into an agreement to acquire Springfield Electric Supply Company, expanding its presence in the Midwest.
In the U.S., Sonepar serves the market with a network of electrical and industrial distributors with 700 locations and coverage in all 50 states.
“Springfield Electric’s geographic footprint and strong performance makes this a highly strategic fit for us,” said Rob Taylor, president of Sonepar North America, in a written statement. “Its strong leadership team and culture of outstanding customer service aligns very well with ours. This acquisition offers Sonepar USA a very solid platform for growth and expansion in territories where we are not currently represented.”
Springfield Electric founder William Robert Schnirring began working at Meador Electric in 1919 at the age of 18. He later purchased the business in 1929, but in 1932 he converted his contracting business into Springfield Electric Supply Company to focus on electrical distribution. The company was recognized with Springfield Business Journal’s Legacy Award in 2015.