INDUSTRIAL DISTRIBUTION GROUP (IDG) joins Sonepar

This acquisition strengthens Sonepar's MRO, Energy Services and Integrated Supply Solutions.

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Sep 18, 2014, 03:00 ET

CHARLESTON, S.C., Sept. 18, 2014 /PRNewswire/ -- Sonepar North America, a subsidiary of the privately held Sonepar Group, announced today that Industrial Distribution Group (IDG), a portfolio company held by affiliates of LKCM Capital Group, LLC and headquartered in Belmont, NC, has signed an agreement to join the Sonepar Group.

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Formed in 1997, IDG is the largest privately owned industrial MRO distributor. The company serves its customers from 42 locations in the U.S. and over 170 on-site customer locations in North America, Asia, and Europe, and operates in three major businesses: Industrial Distribution, Integrated Supply Solutions and Energy Distribution.

Franck Bruel, CEO of Sonepar Global, said, "The addition of IDG reinforces our strategic commitment to our Industrial / MRO business. IDG complements our Sonepar North America business, broadens our industrial offering and enhances our global platform."

Dave Gabriel, CEO Sonepar North America, said, "The acquisition of IDG strengthens our position in the Integrated Supply & MRO space enhancing our North American footprint and reach. The combined synergies between Hagemeyer North America and IDG in the Integrated Supply, Industrial Distribution and Technical Services areas will allow us to expand our portfolio to better meet the needs of our customers."

Charles Lingenfelter, President of Industrial Distribution Group, said, "We are delighted to become a part of a leading global distribution organization such as Sonepar and its North American affiliate Hagemeyer North America. Merging the people, processes and resources of these leading industrial organizations will create many opportunities for our customers, suppliers and associates."

About Sonepar North America
Sonepar North America is made up of the finest locally managed electrical and industrial distributors. Headquartered in Charleston, SC, Sonepar North America is part of Sonepar Group worldwide organization, a global player in electrical & MRO distribution. The Sonepar Group is present in 41 countries. For more information, visit http://www.sonepar.com.

About IDG
Industrial Distribution Group, Inc. is the market leader in the design, build, and management of supply chain solutions and is a national distributor of indirect industrial materials and Energy Distribution services tailored for upstream and midstream energy customers through exemplary service and cost reduction initiatives for their customers. For more information, visit http://www.idg-corp.com.

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SOURCE Sonepar North America