Sonepar North America, a subsidiary of the French privately held Sonepar Group, announced that Industrial Distribution Group (IDG), a portfolio company held by affiliates of LKCM Capital Group, LLC and headquartered in Belmont, N.C., has signed an agreement to join the Sonepar Group.
Formed in 1997, IDG is the largest privately owned industrial MRO distributor. The company serves its customers from 42 locations in the U.S. and over 170 on-site customer locations in North America, Asia, and Europe, and operates in three major businesses: Industrial Distribution, Integrated Supply Solutions and Energy Distribution.
In a release, Franck Bruel, CEO of Sonepar Global, said, “The addition of IDG reinforces our strategic commitment to our Industrial / MRO business. IDG complements our Sonepar North America business, broadens our industrial offering and enhances our global platform.”
Charles Lingenfelter, president of Industrial Distribution Group, said, “We are delighted to become a part of a leading global distribution organization such as Sonepar and its North American affiliate Hagemeyer North America. Merging the people, processes and resources of these leading industrial organizations will create many opportunities for our customers, suppliers and associates”.