The deal adds a Mokena, IL-based industrial automation and electrical distributor about $330 million in 2025 annual turnover.
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All three company geographies were in positive sales territory for the first time in 11 quarters. Meanwhile, the company closed on a Canadian acquisition that added about $61 million of revenue.
The electrical supplies distributor shot down a report by a French news group that the company is negotiating a buyout.
The electrical distributor reaffirmed its full-year outlook and highlighted progress in digital growth and strategic investments.
Rexel reported an increase in 2Q sales, driven by strong performance in North America that offset weaker results in Europe and Asia-Pacific.
Warshauer Electric announced a leadership transition as longtime President and Owner Jim Warshauer moves into an advisory role.
Warshauer Electrical is a provider of technical services and products, including switchgears, engineering and design support, generator sales and rentals and more.
The electrical supplies distributor deepened its partnership with an AI-powered provider for a contractor portal, and appointed an industry veteran to lead its southeast region.
New York-based Schwing Electrical Supply serves the residential, commercial, industrial and OEM electrical markets with more than 20,000 electrical products.
Rexel reported that positive momentum in North America slightly offset the softer conditions in Europe, notably in the company’s electrification segment.
Effective Jan. 2, the new president will succeed Mike Kidney, who is retiring at the end of December.
Rexel posted modest U.S. sales growth, reflecting strong performance in core electrical distribution despite weather-related challenges.
QXO's bid for Rexel, a top electrical distributor in North America, was rejected as undervaluing the company’s potential.
Rexel reported sales in North America remained flat with some improvement, offset by challenging market activity in Europe.
It marks Mayer’s first entry into southeast Florida’s Miami-Dade market.
It’s set to push the distributor’s U.S. datacom and datacenter sales to over $1 billion annually.
The company also is acquiring a 13-branch distributor in France.
Former Wesco VP Shawn Hawkins will join electrical supplies distributor Rexel USA as the Gulf Central Region President.
North American full-year sales reached nearly $8.9 billion for a 4.0% annual gain. See our in-depth breakdown of Rexel's financials.
Raman Marwah joins the electrical supplies distributor after spending the past 9 years at Gartner and IBM.
