On April 30, electrical products distribution giant Sonepar completed the previously announced acquisition of Madison Electric and Standard Electric.
The two Michigan-based electrical and industrial products distributors are now officially members of the Sonepar family of companies.
Madison and Standard have over 550 associates and 36 locations across Michigan, and had combined sales of approximately $400 million in 2023.
Brett Schneider, President of Madison Electric, and Bill Gray, President of Standard Electric, shared a joint statement:
“Looking to the future, we’re most excited about the availability of extensive resources and functional expertise — supply chain, IT, HR and core contractor market segment analysis to name a few. Exploring new opportunities in markets like solar and green energy and looking at national account possibilities are areas of growth for us. We’re also excited about the skill development and career options now available to our talented associates.”
On MDM’s 2023 Top Distributors Lists, Sonepar’s North American operations charted at No. 2 for electrical, data and security products distributors.
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