Sonepar announced that its World Electric subsidiary has entered into an agreement to acquire Advance Electrical & Industrial Supply, Norcross, GA. With a strong presence in Atlanta, the Advance Electrical acquisition offers World Electric the opportunity to expand in Atlanta, one of the 10 largest electrical markets in the country.
“With the acquisition of Advance Electrical, World Electric will greatly increase their current operations within in the Atlanta market, which is experiencing tremendous growth,” said Rob Taylor, president of Sonepar North America, in the press release. “This is a great opportunity to connect geographies and expertise and expand the level of services and capabilities for customers.”
“Combining Advance Electrical’s strong customer relationships, project management and lighting expertise with World Electric’s inventory offerings, logistics and outstanding service levels, we will bring customers a best-in-class distribution partner poised for new growth opportunities and a true omnichannel experience,” added Tammy Livers, president of World Electric, in the press release.
Dennis Purvis, current owner of Advance Electrical, said in the press release, “After just a few meetings with World Electric, we realized the extent of resources they have available. It’s exciting to think about how World Electric will build our business capabilities, provide our associates with incredible opportunities and elevate our service to the electrical contractors in our markets.”
Sonepar is ranked # 2 on EW’s 2022 Top 150 ranking with $11 billion in sales and more than 500 locations in North America. Advance Electrical is ranked #109 with $54 million in sales, two locations and 48 employees.