Sonepar’s Crawford Electric Supply subsidiary plans to acquire Basin-River Electrical Supply, llc. This acquisition allows Sonepar to grow its business in petrochemical, utility and marine contractor segments of the Plaquemine, LA, market.
A family-owned business since 1981, Basin-River’s branch location will be integrated into Sonepar’s Crawford Electric brand at closing. Rob Taylor, president of Sonepar North America, said in the press release that Crawford operates four locations focusing on commercial and industrial segments in Louisiana. The Basin-River acquisition will add to Crawford’s existing presence along Louisiana’s Gulf Coast, he said. Mike Dumas, president of Crawford, said in the release, “Basin-River’s footprint and customer relationships makes it a great strategic fit for Crawford. Kenny and Geri Lynne Gilbert are well-respected in Plaquemine, and Basin-River’s business continues to outpace the market. I look forward to welcoming the entire Basin-River team to Crawford and leveraging our companies’ strengths to expand our business opportunities.”
Commenting on the acquisition, Kenny Gilbert, branch business manager for Basin-River, said in the release, “We had options when it came to this acquisition and Crawford stood out from the rest. Geri Lynne Gilbert, sales manager for Basin-River added in the release, “I am most excited about being part of a much larger team with endless resources. I have always wanted to see our company grow. Crawford, combined with the vendor relationships at Sonepar, will help us achieve this dream.”
The acquisition is expected to close in October.