Electrical distributor Rexel USA on Jan. 6 said it has completed its acquisition of the Buckles-Smith Electric Company, headquartered in Santa Clara, California. Financial details were not disclosed.
Rexel USA — which ranks No. 4 on MDM’s 2022 Top Electrical Distributors list — said the deal strengthens its California region and expands its footprint as an authorized Rockwell Automation distributor.
“We are excited to welcome the Buckles-Smith team into our Rexel USA family,” said. Brad Paulsen, Rexel USA CEO. “Buckles-Smith has long been one of the most respected and customer-focused electrical distributors in the western United States and we feel fortunate to have this incredible team join our organization. Mike Hanna, our California Region President, and his entire team look forward to working with our new Buckles-Smith teammates to deliver an overall experience that exceeds our customer’s expectations day in and day out.”
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Lakeside Partners acted as exclusive financial advisor to Buckles-Smith, and Nixon Peabody LLP acted as its legal advisor with regard to the transaction, Rexel USA said. Barnes & Thornburg LLP acted as legal advisor for Rexel USA.
“We are excited about joining the Rexel family and leveraging their vast resources and infrastructure investments to deliver a world class customer experience,” said Art Cook, Buckles-Smith CEO and President. “Rexel’s culture and focus on people align with Buckles-Smith’s foundational four pillars and will provide amazing opportunities for our team members to develop and expand their careers.”