M&A Deal Summary

Rexel Acquires Buckles-Smith

On January 5, 2023, Rexel acquired distribution company Buckles-Smith

Acquisition Highlights
  • This is Rexel’s 24th transaction in the Distribution sector.
  • This is Rexel’s 6th transaction in the United States.
  • This is Rexel’s 1st transaction in California.

M&A Deal Summary

Date 2023-01-05
Target Buckles-Smith
Sector Distribution
Buyer(s) Rexel
Deal Type Add-on Acquisition

Target

Buckles-Smith

Santa Clara, California, United States
Buckles-Smith provides industry solutions, products and training for electrical and automation in northern California & the Bay Area. Buckles-Smith was founded in 1939 and is based in Santa Clara, California.

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Buyer(S) 1

Buyer

Rexel

Paris, France

Category Company
Founded 1967
Sector Distribution
Employees26,804
Revenue 19.3B EUR (2024)
DESCRIPTION

Rexel is a distributor of electrical parts and supplies. The Company supplies customers involved in residential, commercial and industrial construction, maintenance and renovation and currently has a network of approximately 1,700 branches in 29 countries, providing over 1.2 million products and related services. Rexel was founded in 1967 and is based in Paris, France.


DEAL STATS #
Overall 28 of 32
Sector: Distribution M&A 24 of 27
Type: Add-on Acquisition M&A Deals 24 of 28
State: California M&A 1 of 2
Country: United States M&A 6 of 7
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Mayer

Birmingham, Alabama, United States

Mayer is a wholesale distributor of electrical products and equipment, connected solutions, lighting, digital tools, DataCom technologies, power distribution, and automation and control systems. The company serves contractors, industrials, OEMs, integrators, institutions, government entities, utility providers, commercial businesses, and residential customers. Its connected team adds measurable value by leveraging multi-vertical product and industry knowledge, digital expertise, an inventive approach, and proven processes to design technology-driven solutions that solve business problems, increase efficiencies and improve profitability. Mayer was formed in 1930 and is based in Birmingham, Alabama.

Buy $456M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-17 LTL

Toronto, Ontario, Canada

LTL is a privately owned Canadian company serving the utility, industrial and commercial sectors. LTL was founded in 1958 and is based in Toronto, Ontario.

Buy -