Sonepar is proud to announce that the Richards Electric Supply Company acquisition closed on December 31, 2021.
Sonepar has announced that the Richards Electric Supply Company acquisition closed on December 31, 2021. Richards Electric is now officially a member of the Sonepar family.
A family-owned business headquartered in Cincinnati, Ohio, since 1937, Richards Electric will add four branch locations and 150 associates to the Sonepar network. Richards Electric expects to record sales in excess of $125M for 2021.
In the United States, Sonepar operates through a network of electrical, industrial, and utility distributors with over 450 locations and coverage in all 50 states. The Richards Electric acquisition follows Sonepar’s August purchase of Springfield Electric Supply Company in Springfield, Illinois and further builds Sonepar’s presence in the Midwest.
“It’s an exciting time for Sonepar and the Richards Electric team. We are committed to continued growth with the strongest and best regarded electrical distribution companies. Richards Electric is a great fit for our network.”
Rob Taylor
President, Sonepar North AmericaDecember 13th, 2021
