Snell & Wilmer Advises Electrical Distributor NEDCO Supply in its Sale to Sonepar Subsidiary Codale ElectricJanuary 8, 2023
LAS VEGAS – Snell & Wilmer advised NEDCO Supply (NEDCO), a full-line distributor of electrical products and services for residential and commercial customers, in its sale to Sonepar subsidiary Codale Electric (Codale), an electrical distributor in Utah, Nevada, and Wyoming. The transaction is expected to strengthen Codale’s position and increase coverage in southern Nevada.
“After 40 years serving the Las Vegas electrical market, we’re very thankful to all our customers, employees, and vendor partners for supporting us through the years,” said NEDCO owners, Marshall Hunt and Marc Winard in a joint statement press release. “We are excited to join the Sonepar family of companies. We feel this opportunity secures the future for our employees and enables our team to sustain the high level of customer service we’ve been known for. When it came time to sell, Sonepar was our first choice. Marshall and I look forward to continuing our careers under the Sonepar banner.” Operating throughout southern Nevada, NEDCO Supply is based in Las Vegas and has over 100 associates. NEDCO is expected to record sales revenue in excess of $180 million for 2022.
Snell & Wilmer's corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s mergers and acquisitions attorneys are well-versed in providing strategic and innovative legal services for complicated corporate transactions. We have extensive experience with transactions in a variety of industries, including highly regulated industries where the intersection of business and government requires a particularly strategic and risk-sensitive approach. Our experience, coupled with deep industry knowledge, allows us to provide thoughtful, innovative and comprehensive solutions for all of our clients.