Sonepar USA Closes Acquisition of Richards

Sonepar USA Closes Acquisition of Richards

CHARLESTON, S.C. — Today, Sonepar USA [Holdings, Inc.], a subsidiary of the privately held Sonepar Group, announced the Richards Electric Supply Company acquisition closed on December 31, 2021.  Richards Electric is now officially a member of the Sonepar family of companies.

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 700 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.” said Rob Taylor, President, Sonepar North America.

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