Mar 30 2011
Edgeview Partners is pleased to announce the sale of HD Supply Canada’s SESCO/QUESCO Division to Sonepar Canada, a leading Canadian electrical distributor, providing service to residential, commercial, industrial and specialty business customers.
Edgeview served as the exclusive financial advisor to Atlanta, Georgia-based HD Supply, the parent company of HD Supply Canada and the SESCO/QUESCO Division, during the sale. In the transaction, Sonepar Canada acquired substantially all of the assets of SESCO/QUESCO. Details of the transaction, which closed on February 27, were not disclosed.
SESCO/QUESCO provides business customers a complete line of electrical and lighting products – offering major brands from leading manufacturers. While focused mostly on commercial, residential and institutional markets, SESCO/QUESCO has been continually growing in the industrial and OEM sectors. SESCO/QUESCO currently employs over 70 associates, operating out of five branches in the greater Toronto area and serving over 1,000 customers. SESCO/QUESCO’s highly-skilled staff provides value-added solutions, such as project management, technical advice and warehouse management, designed to help customers be more profitable. SESCO/QUESCO’s merchandise also includes various environmentally friendly and energy efficient products.
HD Supply Canada (www.hdsupply.ca) is one of 10 lines of business of HD Supply (www.hdsupply.com), a leading wholesale distribution company, providing a broad range of products and services to professional customers in the infrastructure & energy, maintenance, repair & improvement and specialty construction markets. With a diverse portfolio of industry-leading businesses, HD Supply is one of the largest diversified wholesale distributors in North America, with approximately 765 locations.
Sonepar Canada (www.soneparcanada.com) is a leading Canadian electrical distributor, providing service to residential, commercial, industrial and specialty business customers since 1984. There are over 1,500 dedicated employees in 90 branches within six divisions; CenturyVallen, Gescan BC, Gescan Prairies, Lumen, Osso Electric and Texcan.
SESCO/QUESCO will join Sonepar Canada’s Ontario division, consisting of Osso Electric, Gescan and Texcan.
Edgeview’s building products and construction industry group is led by David Patterson.