Latest from Mergers & Acquisitions

Photo_226496518 Mohd Izzuan Ros / Dreamstime
Photo 104750065 / Sashkinw / Dreamstime


Keatanan Viya / DreamsTime
Acquisitions 113295878 Keatanan Viya Dreamstime 1025 63b6f206cdbae

Codale/Sonepar Acquire NEDCO Supply

Jan. 5, 2023

Codale Electric/Sonepar, Salt Lake City, UT, has acquired NEDCO Supply, Las Vegas.

 A privately-owned business since 1982, NEDCO Supply is a full-line distributor of electrical products and services for residential and commercial customers. Operating throughout southern Nevada, NEDCO has over 100 employees. The company is expected to record sales revenue in excess of $180 million for 2022 and is ranked #71 on Electrical Wholesaling’s 2022 Top 150 ranking.

 “NEDCO Supply will strengthen Codale’s position in southern Nevada, increasing its coverage in an area experiencing great growth,” said Rob Taylor, resident of Sonepar North America, Charleston, SC, in the press release. “As a leader in electrical distribution among contractors in the Las Vegas market, NEDCO Supply is a perfect complement to Codale’s industrial customer base.”

NEDCO Supply owners, Marshall Hunt, principal, and Marc Winard, principal, said in a joint statement, “After 40 years serving the Las Vegas electrical market, we’re very thankful to all our customers, employees, and vendor partners for supporting us through the years. We are excited to join the Sonepar family of companies. We feel this opportunity secures the future for our employees and enables our team to sustain the high level of customer service we’ve been known for. When it came time to sell, Sonepar was our first choice.  Marshall and I look forward to continuing our careers under the Sonepar banner.”

 Founded in 1975, Codale serves the Nevada, Utah, Idaho and Wyoming markets.  Sonepar acquired the company in 2012. In addition to its focus on electrical contractors, the company prides itself on stocking products for sustainable and safety applications and providing solutions for a variety of industries from healthcare to government agencies.

 Sonepar is an independent family-owned company focused on B-to-B distribution of electrical products, solutions and related services. Through a network of 100 brands spanning 40 countries, the Group has an ambitious transformation agenda to become the first global B-to-B electrical distributor to provide a fully digitalized and synchronized omnichannel experience to all customers. Drawing on the skill and passion of its 45,000 associates, Sonepar had sales of €26.4 billion in 2021. The company entered the United States 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 400 locations nationwide.

Sponsored Recommendations