International multichannel distributor Rexel closes its much-talked-about $456 million acquisition of Alabama-based Mayer Electric.
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Rexel USA CEO Jeff Baker shares details behind Rexel's acquisition of Mayer Electric and plans for continued growth.
MDM takes a deep dive into Rexel’s $456 million, market-shifting acquisition of Mayer Electric.
Rexel has entered into an agreement to buy Mayer, a major East Coast distributor of electrical products and services.
Nancy Goedecke and her three siblings are the third-generation owners of Mayer and, along with their spouses, make up what is now known as the G3 (Generation 3) Group.
Online strategy, succession planning remain top of mind for distributors.
Mayer Electric, Birmingham, AL, has been a family business since its founding in 1930. CEO Nancy Collat Goedecke spoke with MDM about the processes the family developed and the challenges they have overcome to keep the company healthy and thriving.This article is part of a series on succession planning in distribution.
This article includes:
- Important decisions involved in succession planning
- Challenges a family business faces
- Preparing the next generation
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Include critical vendors and service providers when grooming the next generation.
New location in Charlottesville will operate as a full-line distributor.
Acquisition of Mustang Electric is Mayer's first in Texas.
