June 1, CHARLESTON, SC – Sonepar announced that its US subsidiary, Cooper Electric, has entered into an agreement to acquire Billows Electric Supply.
A family-owned business since 1950, Billows Electric offers a full line of electrical products and services to its customers. Operating in the Philadelphia, South Jersey and Wilmington metropolitan market, Billows Electric joins Sonepar with 19 branch locations and over 285 associates.
“The addition of Billows Electric Supply will increase our coverage and density within those important markets in which it operates and provide us with a strong platform for growth,” said Rob Taylor, President of Sonepar North America. “This combination is especially exciting as Billows will be able to leverage Sonepar’s investment in Cooper Electric’s state-of-the-art automated distribution center in providing best in class services for our customers throughout Billows’ market.
David Cooper, President of Cooper Electric, said of the acquisition:
“Billows has an outstanding reputation in the marketplace, and we’re thrilled their experienced associates will be joining our network.”
Jeff Billow, current owner, and CEO of Billows Electric, commented:
“As a 73-year old, family-owned business, it was very important that we chose a partner that appreciates and supports what we’ve built and can enhance opportunities for the growth of our business and associates. We had many choices in this process, and Sonepar thoroughly impressed us with their capabilities and resources.
We want to thank our talented staff who drove our success with their expertise, innovation, and entrepreneurial spirit as well as our dedicated customers and manufacturers who remained true partners throughout the decades.”
The acquisition, subject to competition authority approval, is scheduled to close in June.
About Sonepar
Sonepar is an independent family-owned company with global market leadership in B-to-B distribution of electrical products, solutions, and related services. Through a dense network of 80 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 44,000 associates, Sonepar had sales of $33.1 billion in 2022.* For more information, visit www.sonepar.com.
*Figure converted to dollars from €31.416B at 1.054 USD/EUR average rate.
About Cooper Electric
Cooper Cooper Electric is a full-service electrical distributor, serving many different segments including electrical contractors, industrials, OEM, utilities, residential, and solar servicing the New Jersey, New York, and Pennsylvania markets through their 1,000 associates across 55 locations. Cooper Electric recently opened a state of the art, automated 600,000 sq. ft. central distribution center in Cranbury, NJ.