CHARLESTON, S.C. – Sonepar announced that its U.S. subsidiary has entered into an agreement to acquire Basin-River Electrical Supply, L.L.C. This acquisition allows Sonepar to grow its business in the Plaquemine, Louisiana, 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: “In the Louisiana region, Crawford operates four locations focusing on commercial and industrial segments. The Basin-River acquisition further builds Crawford’s presence with petrochemical, utility, and marine contractors.”
Mike Dumas, President of Crawford, said: “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: “We had options when it came to this acquisition and Crawford stood out from the rest. They have a history of being number one in our market and we are excited to join the team. Crawford has a phenomenal management team, and we could immediately tell they truly care about their employees.” Geri Lynne Gilbert, Sales Manager for Basin-River continued: “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.