Avnet - M&A Summary and Business Overview

DistributionCompany

Avnet M&A Summary

Avnet has acquired 78 companies, including 1 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 7 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%).

Avnet Business Overview

Where is Avnet headquartered?

Avnet is headquartered in Phoenix, Arizona.

What is Avnet’s revenue?

Avnet disclosed revenue of 26,537M USD for 2023 and 24,311M USD for 2022.

How many employees does Avnet have?

Avnet has 15,800 employees.

What sector is Avnet in?

Avnet is a distribution company.

When was Avnet founded?

Avnet was founded in 1921.

M&A Summary

  • M&A Total Activity85
    • M&A Buy Activity78
    • M&A Sell Activity7
  • 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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 78 - - - - - 78
vol $3.2B $3.2B
Sell (0.4/yr) # 5 1 - 1 - - 7
vol $2.6B $2.6B
  85

Most Recent M&A

Company Date Value Type
Alpha 3 Manufacturing Ltd. 2022-09-20 - Divestiture
Scunthorpe, United Kingdom · www.alpha3manufacturing.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 32 (41%) 2.4B (76%) - -
Information Technology 17 (22%) 63M (2%) 4 (57%) 2.6B (100%)
Electronics 13 (17%) 55M (2%) - -
Software 5 (6%) - - -
Business Services 3 (4%) 22M (1%) 1 (14%) -
Technology Hardware 3 (4%) 631M (20%) - -
Semiconductors 2 (3%) - - -
Electrical Equipment - - 2 (29%) -
Education 1 (1%) - - -
Internet Software and Services 1 (1%) - - -
Media 1 (1%) - - -
Total 78 $3.2B 7 $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 - - -
  Pennsylvania 2 - - -
  Illinois 2 - - -
  Florida 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 1 -
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 (71%) 2.6B (100%)
Cross-border 52 (67%) 2.1B (66%) 2 (29%) -
Total 78 $3.2B 7 $2.6B

Top M&A Advisors

Financial Deals
BofA Securities
4
Needham & Co. LLC
1
Lincoln International
1
Legal Deals
Gibson, Dunn & Crutcher
3
Allen & Overy
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
Investor(s)
14%
1 (14%)
Strategic(s)
86%
6 (86%)

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