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Headquarters: Charleston, SC
2014 Revenues: $8.5 billion
Change in Sales from 2013: 10.4%
2014 Acquisitions: Industrial Distribution Group; IESA; Melexa; MGM Electric; Platinum Electric; Dixon
Key Executives: David Gabriel, President & CEO, Sonepar North America
After a quiet 2013, Sonepar and its subsidiaries returned to their acquisitive ways in 2014. The company in September made one of the industry's biggest M&A deals for the year when its subsidiary Sonepar North America bought Industrial Distribution Group. The acquisition strengthened Sonepar's position in the integrated supply and MRO space and enhanced the company's North American footprint and reach, Sonepar North America CEO Dave Gabriel said at the time. Sonepar North America was already established as a Market Leader in the industrial sector, due to its prior acquisition of Hagemeyer North America in 2008.
The company began 2015 with a flurry of deals, as well, acquiring unique assets that will help bolster the company's No. 1 position on the MDM Market Leaders list of electrical distributors.
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