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Sonepar Acquires Professional Electric Products Company

[fa icon="calendar'] Oct 5, 2022 11:59:10 AM / by Christy Angie posted in sonepar

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Sonepar Enters into Agreement to Acquire Professional Electric Products Co., Inc. (PEPCO)

September 28, CHARLESTON, SC – Sonepar announced that its US subsidiary has entered into an agreement to acquire Professional Electric Products Co., Inc. (dba “PEPCO”). With a strong presence in the state of Ohio, this acquisition offers Sonepar the opportunity to expand in the 6th largest electrical distribution market in the US.

A family-owned business headquartered in Eastlake, Ohio, since 1968, PEPCO will add 10 branch locations and 190 associates in Ohio and Pennsylvania to the Sonepar network in the United States. PEPCO is expected to record sales revenues of over $300 million for 2022.

“PEPCO’s strong utility and contractor business and geographic footprint in Ohio and Western Pennsylvania makes this an exciting acquisition for us as we look to expand into new territories,” said Rob Taylor, President of Sonepar North America. PEPCO’s recent growth is impressive, and we look forward to providing its associates and customers with further opportunities.”

Joe Borkey, current owner of PEPCO, commented on the acquisition, “We are very proud of what our collective team has created. Our dramatic growth and ultimate success story have navigated us to an exciting opportunity with Sonepar. Jeff and I feel Sonepar is the right partner to ensure the future success of PEPCO and we look forward to the next chapter for our customers and associates as we join the Sonepar network.”

The acquisition is scheduled to close this month.

Press Release is featured on tED Magazine.

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