May 2, 2024

Madison Electric and Standard Electric Officially Join the Sonepar Network

CHARLESTON, SC — Sonepar announced the Madison Electric and Standard Electric acquisitions closed on April 30, 2024. The two Michigan-based distributors are now officially members of the Sonepar family of companies.

Family-owned and operated since Madison’s founding in 1914 and Standard’s in 1929, Madison and Standard are full-line distributors of electrical and industrial products and services; and, in addition, distribute into and service the HVAC and plumbing markets. With headquarters in Warren and Saginaw, Michigan, Madison and Standard have over 550 associates and 36 locations across the state. Combined, Madison and Standard sales were approximately $400M in 2023.

Brett Schneider, President of Madison Electric, and Bill Gray, President of Standard Electric, shared in a joint statement:

“Our interactions with Sonepar have been genuinely great across the board. Sonepar understands wholesale distribution and how to position their companies for long-term success. Looking to the future, we’re most excited about the availability of extensive resources and functional expertise - supply chain, IT, HR and core contractor market segment analysis to name a few. Exploring new opportunities in markets like solar and green energy and looking at national account possibilities are areas of growth for us. We’re also excited about the skill development and career options now available to our talented associates.” 

“It’s a very exciting day for Sonepar and the Madison and Standard teams, further signifying Sonepar’s commitment to continued growth with the strongest and best electrical distribution companies,” said Rob Taylor, President of Sonepar Americas.

About Sonepar

Sonepar is an independent family-owned company standing as the world leader in B-to-B distribution of electrical equipment, solutions, and services. In 2023, Sonepar achieved sales of $36 billion.* Present in 40 countries with a dense network of brands, the Group is leading an ambitious transformation to make its customers’ lives easier providing them an omnichannel experience and sustainable solutions in the building, industry, and energy markets. Sonepar’s 45,000 associates are committed to accelerating the world’s electrification and driven by a shared Purpose: “Powering Progress for Future Generations”. www.sonepar.com 

Sonepar entered the US in 1998 and has continued to grow due to strategic acquisitions and organic growth. Today, Sonepar serves the market through a network of companies with over 491 locations nationwide and 11,000 associates. For more information, visit www.soneparusa.com.