6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
Phoenix, AZ-based Avnet, Inc. (NYSE: AVT), No. 1 on MDM's list of top electronics distributors, has agreed to acquire Universal Semiconductor Inc., Fort Lauderdale, FL. USI is a distributor of discrete semiconductor, passive and electromechanical components to military and aerospace customers.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
USI services OEM business partners and provides same-day shipping and same-day tape and reeling. The transaction is expected to close by mid-January and will be integrated into Avnet Electronics Marketing, Americas.
“This acquisition is of strategic importance as it enhances our competitive position in the higher value defense and aerospace segment,” said Ed Smith, president Avnet Electronics Marketing, Americas.
USI has 58 employees across five offices in the U.S. and one in Denmark. The company had sales of $70 million in 2011.