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,” says Pete Lemman, CEO of North Coast.
“This is the right decision for our associates, customers and other business partners," says Mike Miller, president of North Coast. "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.”
“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,” says Rob Taylor, president of Sonepar USA.