M&A Deal Summary

RS Group Acquires Synovos

On December 10, 2020, RS Group acquired business services company Synovos for 145M USD

Acquisition Highlights
  • This is RS Group’s 3rd transaction in the Business Services sector.
  • This is RS Group’s 2nd largest (disclosed) transaction.
  • This is RS Group’s 2nd transaction in the United States.
  • This is RS Group’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2020-12-10
Target Synovos
Sector Business Services
Buyer(s) RS Group
Deal Type Add-on Acquisition
Deal Value 145M USD

Target

Synovos

Radnor, Pennsylvania, United States
Synovos, Inc. provides comprehensive MRO integrated supply chain management services that drive increased productivity, profitability and global competitiveness. Synovos was founded in 1987 and is based in Radnor, Pennsylvania.

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Buyer(S) 1

Buyer

RS Group

London, United Kingdom

Category Company
Founded 1928
Sector Distribution
Employees8,500
Revenue 2.9B GBP (2025)
DESCRIPTION

RS Group is a provider of product and service solutions for industrial customers, offering an extensive selection of RS PRO brand industrial control and communication products engineered to deliver an optimal combination of quality, choice, and value and proven in a wide range of industrial environments. RS Group was incorporated in 1928 and is based in London, England.


DEAL STATS #
Overall 5 of 6
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 6
State: Pennsylvania M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 2 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Needlers

Melton, United Kingdom

Needlers Ltd. is a provider of PPE, safety and hygiene products in the UK market, with a strength in the food manufacturing industry. The company also provides value-added services which include technical expertise, consultancy and video training aids and has two private label brands, Pro-Fit and Reldeen. Needlers was founded in 1857 and is based in Melton, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-27 Distrelec

Nanikon, Switzerland

Distrelec is a B2B distributor of electronic and technical components. Beyond its main markets of Switzerland and Sweden, the company also has a strong market presence in 15 European countries. Its product portfolio has a significant focus on MRO components and targets B2B customers. Distrelec was founded in 1973 and is based in Nanikon, Switzerland.

Buy -