Sonepar to Acquire Madison Electric & Standard Electric
Charleston, S.C.-based Sonepar has entered into an agreement to acquire Michigan-based distributors, Madison Electric Company and Standard Electric Company. Family-owned and operated since Madison’s founding in 1914, and Standard’s in 1929, Madison and Standard are full-line distributors of electrical and industrial products and services to its contractor and industrial customers, and distribute into, and service, the HVAC and plumbing…