EVERY WEEKDAY FOR THE REST OF THE YEAR, TED MAGAZINE IS COUNTING DOWN THE TOP 20 STORIES OF 2019. BELOW, THE #5 MOST-VIEWED STORY OF THE YEAR, ORIGINALLY PUBLISHED ON JANUARY 29, 2019.
CHARLESTON, S.C. – Sonepar USA, a subsidiary of the privately held Sonepar Group, announced that it has entered into an agreement to acquire North Coast Electric.
Family owned and operated since 1913, North Coast is one of the largest and fastest growing electrical distributors in the nation, offering a full line card of commercial, residential and industrial electrical products. This acquisition adds 34 branches to the Sonepar USA network in Washington, Oregon, Idaho, Alaska, and Arizona.
“I am thrilled that we have sold North Coast Electric to Sonepar. Sonepar is another family-owned company that holds many of the same values that we have embraced since buying the business from the Byrne family in 1974. It was extremely important to make sure that the associates that made for our success were offered a great opportunity to move forward with a world-class organization,” said Pete Lemman, CEO of North Coast.
“This is the right decision for our associates, customers and other business partners. We look forward to working and collaborating with Sonepar USA and its operating companies and to continue building on our proud heritage as a progressive, market-leading organization,” said Mike Miller, President of North Coast.
“We are excited for North Coast to join the Sonepar USA family. Its Pacific Northwest footprint and incredible culture, people and leadership team make North Coast a great fit for the Sonepar organization,” said Rob Taylor, President of Sonepar USA.
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