Zell piloted Anixter's board for 34 years until its $4.5 sale to Wesco International in 2020.
Latest In Anixter International
The new international Wesco Anixter brand represents the combined organization across its CALA, EMEA and APAC regions.
June 22 marked the 2-year anniversary of Wesco's landmark acquisition of Anixter International, which continues to drive major sales gains.
Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
Ever since completing the $4.5 billion acquisition of Anixter International Inc. almost a year ago, WESCO has benefited from favorable comps, which was again the case in 1Q.
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
On HD Supply’s earnings call, CEO Joe DeAngelo and CFO Evan Levitt discussed the company’s M&A strategy following the divestiture of its Construction & Industrial – White Cap division. (Hint, it’s only a matter of time before the company is again acquisitive.)
It is not business as usual in distribution, as reflected by the most-read blogs on MDM.com this month.
It’s a new era at WESCO International, which rode the acquisition of Anixter International to a 2Q revenue and EPS beat in its first earnings report since the epic deal closed in June. But pitfalls remain as a massive integration looms for the two distribution giants.
In its first earnings report since completing the $4.5 billion acquisition of Anixter International Inc., WESCO notched a loss of $34.5 million.
What does the new normal look like in a socially distanced business environment? MDM examines what’s on the horizon for both strategic and financial deals, as well as for prospective buyers and sellers, in a world still dealing with the COVID-19 coronavirus.
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.
Walmart prioritizes its online business and WESCO becomes the No. 1 electrical distributor with Anixter acquisition.
Three channels that will feel the biggest impact from WESCO’s June 22 acquisition of Anixter.
The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.
Electrical giants clear regulatory hurdles as Anixter becomes wholly owned subsidiary of WESCO.
Profit was $35.7 million, down 9% over 2019.
The bid comes one day after Anixter reported it had agreed to a bid from private equity firm Clayton, Dubilier & Rice.
