M&A Deal Summary

Rexel Acquires LTL

On February 17, 2023, Rexel acquired utilities company LTL

Acquisition Highlights
  • This is Rexel’s 1st transaction in the Utilities sector.
  • This is Rexel’s 2nd transaction in Canada.
  • This is Rexel’s 1st transaction in Ontario.

M&A Deal Summary

Date 2023-02-17
Target LTL
Sector Utilities
Buyer(s) Rexel
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Rexel

Paris, France

Category Company
Founded 1967
Sector Distribution
Employees26,693
Revenue 19.2B EUR (2023)
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 29 of 31
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 25 of 27
State (Ontario) 1 of 1
Country (Canada) 2 of 2
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-05 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-30 Wasco

Twello, Netherlands

Wasco is a distributor of plumbing and heating equipment. The Companyhas 35 branches, 2 distribution centers and a strong digital platform. Wasco is based in Twello, The Netherlands.

Buy €485M