Avnet Mergers and Acquisitions Summary

DistributionCompany

Avnet has acquired 78 companies, including 3 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 6 assets.

Avnet’s largest acquisition to date was in 2016, when it acquired Premier Farnell for $1.1B. It’s largest disclosed sale occurred in 2016, when it sold Avnet - Technology Solutions to Tech Data for $2.6B. Avnet has acquired in 14 different US states, and 21 countries. The Company’s most targeted sectors include distribution (42%) and information technology (22%).

Join Mergr and gain access to Avnet’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the distribution sector.

M&A Summary

  • M&A Total Activity84
    • M&A Buy Activity78
    • M&A Sell Activity6
  • Total Sectors Invested 10
  • Total Countries Invested 21
  • M&A Buy/Sell Connections 15
  • M&A Advisors 6

Avnet

Avnet, Inc.

2211 South 47th Street,
Phoenix, Arizona 85034
United States,
(480) 643-2000
www.avnet.com

Avnet is a distributor of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.4/yr) # 76 1 1 - - - 78
vol $3.2B $3.2B
Sell (0.2/yr) # 5 - - 1 - - 6
vol $2.6B $2.6B
  84

Most Recent M&A

Company Date Value Type
Pinnacle Data Systems LLC 2020-10-14 - Divestiture
Suwanee, Georgia · www.pinnacledatasystems.com
Witekio 2019-09-17 - Add-on Acquisition
Lyon, France · www.witekio.com
Softweb Solutions, Inc. 2018-12-12 - Add-on Acquisition
Plano, Texas · www.softwebsolutions.com
Dragon Innovation 2017-08-22 - Add-on Acquisition
Cambridge, Massachusetts · www.dragoninnovation.com
Hackster, Inc. 2016-11-14 - Add-on Acquisition
San Francisco, California · www.hackster.io
Avnet, Inc. - Technology Solutions 2016-09-19 2.6B USD Divestiture
Phoenix, Arizona
Premier Farnell plc 2016-07-28 1.1B GBP Add-on Acquisition
London, United Kingdom · www.premierfarnell.com
ExitCertified Corp. 2016-01-07 - Add-on Acquisition
Ottawa, Ontario · www.exitcertified.com
Orchestra Service GmbH 2015-11-03 - Add-on Acquisition
Munich, Germany · www.orchestra.de
Avnet - Digital Software Solution Services Assets 2015-09-18 - Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 32 (41%) 2.4B (76%) - -
Information Technology 17 (22%) 63M (2%) 4 (67%) 2.6B (100%)
Electronics 13 (17%) 55M (2%) - -
Software 5 (6%) - - -
Business Services 3 (4%) 22M (1%) 1 (17%) -
Technology Hardware 3 (4%) 631M (20%) - -
Semiconductors 2 (3%) - - -
Education 1 (1%) - - -
Internet Software and Services 1 (1%) - - -
Media 1 (1%) - - -
Electrical Equipment - - 1 (17%) -
Total 78 $3.2B 6 $2.6B

By Geo

State/Country Buy Value Sell Value
United States 26 1.1B 5 2.6B
  California 7 631M 1 -
  Georgia 2 22M 2 -
  Texas 3 - - -
  Illinois 2 - - -
  Florida 2 - - -
  Pennsylvania 2 - - -
  Ohio 1 - - -
  New Jersey 1 - - -
  New Hampshire 1 - - -
  Massachusetts 1 - - -
  Maryland 1 - - -
  Delaware 1 - - -
  Colorado 1 413M - -
  Arizona - - 1 2.6B
United Kingdom 9 2.0B - -
Germany 7 - - -
China 5 - 1 -
Italy 4 - - -
Australia 3 55M - -
France 3 - - -
Japan 3 80M - -
Singapore 3 - - -
Indonesia 2 - - -
Israel 2 - - -
Taiwan 2 - - -
Brazil 1 - - -
Canada 1 - - -
  Ontario 1 - - -
India 1 - - -
Ireland 1 - - -
Netherlands 1 - - -
Slovakia 1 - - -
South Africa 1 - - -
Sweden 1 - - -
Vietnam 1 - - -
Domestic 26 (33%) 1.1B (34%) 5 (83%) 2.6B (100%)
Cross-border 52 (67%) 2.1B (66%) 1 (17%) -
Total 78 $3.2B 6 $2.6B

Top M&A Advisors

Financial Deals
Bank of America Merrill Lynch (BofA Securities)
4
Needham & Co. LLC
1
Lincoln International
1
Legal Deals
Gibson, Dunn & Crutcher LLP
3
Allen & Overy LLP
1
Squire Sanders
1

Deal Values

buy # Total
> $1B 1 $1.1B
$100M to $1B 4 $1.9B
< $100M 4 $220M
TOTAL $3.2B
Largest Premier Farnell plc
$1.1B (2016-07-28)
sell # Total
> $1B 1 $2.6B
TOTAL $2.6B
Largest Avnet, Inc. - Technology Solutions
$2.6B (2016-09-19)

M&A Connections

Deals
Acquired from
Investor(s)
4%
3 (4%)
Strategic(s)
9%
7 (9%)
Divested to
Strategic(s)
100%
6 (100%)

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