Sonepar announced that its U.S. subsidiary, Viking Electric, St. Paul, MN, signed an agreement to acquire Sunrise Electric Supply Inc., Addison, IL. Viking Electric currently operates 22 locations across Minnesota, Wisconsin and Chicago. According to the press release, this acquisition signals Sonepar’s commitment to grow its business in the second largest electrical market in the country.
Since 1986, Sunrise Electric Supply has built a reputation as one of the leading electrical supply companies serving customers throughout the Chicago area. Sunrise Electric Supply joins Sonepar with over 80 associates. The company is ranked #78 on Electrical Wholesaling’s 2023 Top 150 listing with $138 million in 2022 sales out of one location.
Don Chriske, president, and owner of Sunrise Electric Supply, said in the press release, “Through our 37-year-old history as a privately held company, our employees have always been vital to our success. I believe aligning with Sonepar will give them many opportunities to enrich their future growth. We are excited to utilize the resources Sonepar brings to both our employees and customers.”
The transaction is expected to close on Oct. 31.