M&A Deal Summary

Consolidated Electrical Distributors Acquires US Electrical Services

On October 31, 2007, Consolidated Electrical Distributors acquired distribution company US Electrical Services from Kelso and DFO Management

Acquisition Highlights
  • This is Consolidated Electrical Distributors’ 3rd transaction in the Distribution sector.
  • This is Consolidated Electrical Distributors’ 4th transaction in the United States.
  • This is Consolidated Electrical Distributors’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2007-10-31
Target US Electrical Services
Sector Distribution
Buyer(s) Consolidated Electrical Distributors
Sellers(s) Kelso
DFO Management
Deal Type Add-on Acquisition

Target

US Electrical Services

Middletown, Connecticut, United States
US Electrical Services (USESI) is a wholesale distributor of electrical products and related services.

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Buyer(S) 1

Buyer

Consolidated Electrical Distributors

Irving, Texas, United States
Category Company
Founded 1957
Sector Distribution
DESCRIPTION

Consolidated Electrical Distributors, Inc. distributes electrical products to construction, manufacturer, and industrial markets primarily in the United States.

DEAL STATS #
Overall 4 of 6
Sector (Distribution) 3 of 4
Type (Add-on Acquisition) 4 of 6
State (Connecticut) 1 of 1
Country (United States) 4 of 6
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Cain Electrical Supply

Big Spring, Texas, United States

Cain Electrical Supply Corp. is an electrical supply distributor.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-12 Davis Wholesale Electric

North Hollywood, California, United States

Davis Wholesale Electric, Inc. is a distributor of electric equipments.

Buy -

Seller(S) 2

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 10 of 53
Sector (Distribution) 1 of 4
Type (Add-on Acquisition) 5 of 24
State (Connecticut) 1 of 2
Country (United States) 10 of 46
Year (2007) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-26 CVR Energy

Sugar Land, Texas, United States

CVR Energy is an independent petroleum refiner and marketer of high value transportation fuels in the Midcontinent United States. CVR Energy was incorporated in 1906 and is based in Sugar Land, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-19 Tervita

Calgary, Alberta, Canada

Tervita is a North American environmental solutions provider. Its integrated earth, water, waste and resource solutions deliver safe and efficient results through all phases of a project by minimizing impact, maximizing returns. Tervita was founded in 1979 and is based in Calgary, Canada.

Buy $3.5B
SELLER

DFO Management

New York, New York, United States

Investor Investor

Category Family Office
Founded 1998
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

DFO Management is the private investment vehicle for Michael Dell, founder of Dell Computers. The Firm targets investment opportunities across the US and internationally and is split into several groups. These include Public Equity, Special Opportunities, Private Equity, Real Estate, and Partnerships. The Private Equity group targets transactions that include leveraged and management buyouts, take privates, mezzanine debt and other structured investments, PIPEs and growth equity financings, platform acquisitions and roll-ups, and partnerships with other financial sponsors. DFO looks to commit $100 to $250 million per transaction and prefers investments in non-technology companies. DFO Management was formed in 1998 and is based in New York City.

DEAL STATS #
Overall 1 of 10
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Connecticut) 1 of 1
Country (United States) 1 of 9
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-05 ValleyCrest Companies

Calabasas, California, United States

ValleyCrest Companies, LLC is a integrated landscape services provider in the United States. ValleyCrest serves an array of public, commercial, and institutional clients, and is known for its award-winning work on properties such as the Wynn Resort.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-01 TimberStar Southwest

New York, New York, United States

TimberStar Southwest LLC based in Atlanta, Georgia, focuses on brokering and managing a geographically diverse portfolio of timber properties.

Sell USD1.7B
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