Distributor Acquisitions and their Impact on the Canadian Market

November 17, 2022

By Owen Hurst

After the recent acquisition of Aztec Electrical Supply by Sonepar earlier this month it seemed prudent to take a brief look at recent acquisitions, what they mean to the Canadian market and if a rise in acquisitions is likely to continue.

Although we have not seen acquisitions reaching some of the levels we are seeing in countries like the US, we have seen 4 new acquisitions this year and 12 since the start of 2021.

Canadian Acquisitions since 2021:

As we look forward it is likely that we will continue to see an increase in acquisitions that will likely be driven by a number of concerns from the smaller wholesalers and a desired growth among larger firms.

The reality today is electrical wholesalers are dealing with numerous challenges from inflation to labour issues and supply chain concerns. Add to that increasing interest rates and the move to more integrated supply solutions and smaller independants have more to think about than in recent years when it comes to weighing their options.

Particularly as the larger firms have shown a desire to increase their footprint in Canada. However, unlike much of the historical acquisition record, many firms are looking to grow their portfolio by focusing expansion in directions such as automation and control or utility, rather than full-line.

Acquisitions have also become much smoother than they once were. Very often key staff are retained and the buying perspective among customers changes little if at all.

With these changes I asked John Kerr. President of Kerrwil Media Limited if he thought acquisitions were changing the market as a whole.

Without hesitation John replied, “Yes, for sure. Maybe not so much in Canada as the US, and Mexico is still fragmented. We certainly are seeing a growing force among large firms through their acquisitions; however Canada is still well positioned with many independents operating as AD Members or IMARK members and unaffiliated branches that, when put together, demonstrate strong competition and diversity in the electrical wholesale market in Canada.”

Related Articles


Latest Articles

  • How ABB’s Hi-Tech Valiant™ Current Limiting Fuse for Fire Mitigation Impacts Safety & Reliability, Protecting the Environment & Critical Infrastructure

    How ABB’s Hi-Tech Valiant™ Current Limiting Fuse for Fire Mitigation Impacts Safety & Reliability, Protecting the Environment & Critical Infrastructure

    March 13, 2025 By Blake Marchand Discussing the Hi-Tech Valiant™ Fuse for Fire Mitigation with ABB’s Dominique Tardif There has been increased awareness on the impact of forest fires in recent years, as wildfire seasons have intensified in North America. We recently saw devastating fires in California, and in Canada, statistics show that each year wildfire seasons… Read More…

  • EFC Tariff Update Hub

    EFC Tariff Update Hub

    March 13, 2025 EFC’s Tarrif Update Hub provides a centralized location for EFC actions, government advocacy, and key industry resources regarding the ongoing tariff situation between Canada and the United States. Designed to keep EFC members aligned and ahead of developments, check back for updates and insights to help you navigate the evolving landscape. EFC… Read More…

  • International Women’s Day 2025: Advancing Equity in the Skilled Trades

    International Women’s Day 2025: Advancing Equity in the Skilled Trades

    March 13, 2025 On March 8, 2025, CAF-FCA celebrates International Women’s Day (IWD) by reaffirming our commitment to breaking barriers and advancing opportunities for women and equity-priority groups in the skilled trades. This year’s theme, “For ALL Women and Girls: Rights. Equality. Empowerment,” is a powerful call to action—one that aligns with our efforts to… Read More…

  • EFC is Proud to Recognize March 8 as International Women’s Day

    EFC is Proud to Recognize March 8 as International Women’s Day

    March 13, 2025 By Electro-Federation Canada Imagine a gender equal world. A world free of bias, stereotypes, and discrimination. A world that’s diverse, equitable, and inclusive. A world where difference is valued and celebrated. Together we can forge women’s equality. Collectively for #IWD2025 we can all #AccelerateAction. Focusing on the need to Accelerate Action emphasizes the importance of taking swift… Read More…


Changing Scene

  • Canada Invests in Deep Energy Retrofits for Affordable Housing in Hamilton

    Canada Invests in Deep Energy Retrofits for Affordable Housing in Hamilton

    March 13, 2025 There is a need and an opportunity for Canada to strengthen energy security and affordability for all Canadians. Canada’s buildings sector is the third-largest contributor to greenhouse gas emissions across the country. By increasing the scale and pace of building retrofits, we can make homes and buildings more energy-efficient and improve reliability in units.  The federal… Read More…

  • Tesla Products Excluded from BC Hydro Incentive Program

    Tesla Products Excluded from BC Hydro Incentive Program

    March 13, 2025 CBC has reported that BC Hydro is excluding Tesla products from their EV charger incentive program. However, products purchased prior to March 12 will still be eligible. “As of March 12, Tesla chargers, energy storage batteries and inverters are not eligible for rebates, according to B.C. Hydro. Those who have purchased or… Read More…

  • Acuity Rebrands and Introduces New Corporate Identity

    Acuity Rebrands and Introduces New Corporate Identity

    March 13, 2025 Acuity Brands, Inc.’s corporate name is changing from Acuity Brands, Inc. to Acuity Inc. effective March 26, 2025. Acuity will continue to operate through two business segments, Acuity Brands Lighting (ABL) and Acuity Intelligent Spaces (AIS), formerly Intelligent Spaces Group (ISG). They will continue trading on the New York Stock Exchange under the ticker symbol “AYI”. “Acuity is positioned for long term growth…. Read More…

  • IDEAL Electrical™ Unveils Fresh, Modern Brand Identity

    IDEAL Electrical™ Unveils Fresh, Modern Brand Identity

    March 7, 2025 IDEAL Electrical was the first company to obtain a patent to make and sell wire connectors in the United States 96 years ago this month – and today IDEAL® announces a modern look for the brand, which captures the company’s spirit of relentless innovation and the optimistic future of the electrical trade. … Read More…