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Sonepar North America, Charleston, SC, plans to acquire Professional Electric Products Co. (PEPCO), With a strong presence in the state of Ohio, this acquisition offers Sonepar the opportunity to expand in what it estimates to be the sixth largest electrical distribution market in the US.
A family-owned business headquartered in Eastlake, Ohio, since 1968, PEPCO will add 10 branch locations and 190 associates in Ohio and Pennsylvania to the Sonepar network in the United States. PEPCO expects to record sales revenues of over $300 million for 2022.
“PEPCO’s strong utility and contractor business and geographic footprint in Ohio and Pennsylvania makes this an exciting acquisition for us as we look to expand into new territories,” said Rob Taylor, president of Sonepar North America, in the press release. “PEPCO’s recent growth is impressive, and we look forward to providing PEPCO associates and customers with further opportunities.”
Joe Borkey, current owner of PEPCO, said in the press release, “We are very proud of what our collective PEPCO team has created. Our dramatic growth and ultimate success story have navigated us to an exciting opportunity with Sonepar. My brother, Jeff, and I feel Sonepar is the right partner to ensure the future success of PEPCO and we look forward to the next chapter for our customers and associates as we join the Sonepar network.”
The acquisition is scheduled to close in September. PEPCO is ranked #48 in Electrical Wholesaling’s 2022 Top 150 ranking.
Jack Borkey, PEPCO’s co-founder and an industry legend in the Cleveland market area, passed away on Sept. 11.