Fresh from two huge California acquisitions, Sonepar announced the plans of its Irby subsidiary to purchase the assets of Treadway Electric Co., Inc., Little Rock, Ark., and the acquisition of Dixon Electric, Sudbury, Ontario, by its Canadian unit, Sonepar Canada. Both deals are expected to close next month.
With the acquisitions of Treadway Electric and Dixon Electric and its earlier purchases of Independent Electric Supply, San Carlos, Calif., and OneSource Distributors Inc., Oceanside, Calif., Sonepar added well over $760 million in annual sales to its North American branch network in 2011.
With more than 50 employees in four locations, Dixon Electric has been serving Ontario's electrical contractors and the mining, forestry and pulp and paper industries for more than 50 years. Sonepar Canada has more than 1,500 employees in over 90 branches in its six operating companies: CenturyVallen, Gescan, Lumen, Osso Electric, Sesco and Texcan.
Established in 1905, Treadway Electric says it's Arkansas' oldest electrical distributor and that it employs more than 100 people in 14 locations throughout the state. The company was ranked #109 on Electrical Wholesaling's latest Top 200 listing, with $55.7 million in 2010 sales, and earlier this year sold its branches in Springdale and Fort Smith, Ark., to Elliott Electric Supply, Nacogdoches, Texas.
A Sonepar press release said Treadway's executive team will continue to play a major role with new responsibilities within Irby. Terry Rogers, Treadway's president, will transition into the role of district operations manager and Lewis Casey, a sales executive, will become district sales manager. Michael Wigton, Irby's president, said in that release that the Treadway Electric acquisition demonstrates the company's growth strategy and that it will strengthen its commercial contractor footprint in Arkansas. Irby was founded in 1926 and is based in Jackson, Miss. The company has 50 locations in 21 states that serve the industrial, contractor, commercial and utility customer segments.