Sonepar is off to a fast start in the new year. A day after its subsidiary Springfield Electric acquired HOLT Electrical Supply in St. Louis, another of Sonepar’s subsidiaries, Utah-based Codale Electric, announced its acquisition of electrical products distributor NEDCO Supply on Jan. 4. Financial details of the transaction were not disclosed.
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Founded in 1982, NEDCO Supply is based in Las Vegas and serves residential and commercial customers throughout southern Nevada. NEDCO is expected to record sales revenue of more than $180 million for 2022, according to a news release.
“NEDCO Supply will strengthen Codale’s position in southern Nevada, increasing its coverage in an area experiencing great growth,” Sonepar North America president Rob Taylor said. “As a leader in electrical distribution among contractors in the Las Vegas market, NEDCO Supply is a perfect complement to Codale’s industrial customer base. The leadership and associates of NEDCO will align very well to the customer-centric culture of Codale.”
NEDCO Supply owners Marshall Hunt and Marc Winard will both remain with the company following the acquisition, according to the release.
“After 40 years serving the Las Vegas electrical market, we’re very thankful to all our customers, employees, and vendor partners for supporting us through the years,” Hunt and Winard said in a joint statement. “We are excited to join the Sonepar family of companies. We feel this opportunity secures the future for our employees and enables our team to sustain the high level of customer service we’ve been known for. When it came time to sell, Sonepar was our first choice.”
Sonepar ranked No. 2 on MDM’s 2022 Top Electrical, Data & Security Distributors list.
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