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.
Springfield Electric is a family-owned business headquartered in Springfield since 1912 that offers a full line of products and services to electrical contractor and commercial accounts. The company has 19 branch locations operating in Illinois, Indiana, Missouri and Iowa with 350 associates. In 2020, Springfield Electric had sales exceeding $200 million.
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.”
Dan Dungan, executive chairman of Springfield Electric, explained, “We had choices and chose Sonepar as our partner. Culturally, they are a fantastic fit for our associate owners and align closely with our family values.”
Chris Scarbrough, CEO of Springfield Electric, added, “Joining Sonepar presents great opportunities for both our customers and associates. We look forward to working with Sonepar to leverage their resources and enhance our business capabilities, especially around digital solutions and customizable services. This union is the next chapter in our growth story.”
The acquisition is expected to close in August, subject to customary regulatory approvals.
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.
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