Financial terms were not disclosed. The two sides reached the agreement on Sept. 30, according to a Sonepar news release.
ESI serves contractor and utility customers in Florida, the Caribbean and Latin America. The company adds nine new locations and more than 220 associates to Sonepar’s network, the company said.
Sonepar said it plans to align the electrical contractor business of ESI with World Electric, while ESI’s utility segment will align with Irby Utilities, Sonepar’s national utility platform.
“With the acquisition of ESI, World Electric and Irby Utilities will significantly increase their operations within the Florida market making Sonepar the most impactful electrical and utility distributor in Florida,” said Rob Taylor, President of Sonepar North America. “This acquisition offers a great opportunity to connect geographies and expertise to enhance services and capabilities for customers. ESI is a leading regional independent distributor, with the unique advantage of running a diverse business across both the electrical contractor and utility markets.”
World Electric operates 18 branch locations in Florida and Georgia, while Irby Utilities operates 46 branch locations across the U.S., including a strong presence in Florida, Sonepar said.
“We are excited to have ESI join the World Electric and Irby Utility teams; ESI has an exceptional, customer-focused market reputation earned through driven performance and excellent operations,” Tammy Livers, President of World Electric, and Joe LeNoir, President of Irby Utilities, said in a joint statement. “The ESI business further strengthens the customer and vendor relationships of our two organizations. We look forward to working with the talented ESI team to solidify our position as the go-to distributor in the Florida market.”
Sonepar ranks No. 2 among electrical distributors on MDM’s 2023 Top Distributors Lists.
Last month, the company also unveiled a new vision for its West Region in the U.S.