HD Supply Canada to sell electrical division
HD Supply Canada has announced its intent to sell SESCO/QUESCO, a unit that provides business customers electrical products from leading manufacturers, to Sonepar Canada. The purchase price was not disclosed.
SESCO/QUESCO, a strong independent distributor in Toronto for many years, was acquired by HD Supply Canada in January 2006. SESCO/QUESCO currently employs over 70 associates, operating out of five branches in the greater Toronto area and serving over 1,000 customers. While focused mostly on commercial, residential and institutional markets, SESCO/QUESCO has been continually growing in the industrial and OEM sectors.
“This strategic acquisition supports our goals to grow our business in Ontario and strengthen our place in the Canadian electrical wholesale market,” said Keith Moss, president and CEO of Sonepar Canada. “Our expanded coverage in Ontario, particularly in and around Toronto, will allow us to better serve both our existing and future customers.”
Sonepar Canada is a leading national electrical distributor, providing service to residential, commercial, industrial and specialty business customers since 1984. There are more than 1,500 employees in 90 branches within six operating companies