On March 29, electrical distributor Rexel USA announced that it has acquired Teche Electric Supply, LLC, which is headquartered in Lafayette, Louisiana.
The transaction is expected to close at the end of the month. Financial details were not disclosed. Rexel said the deal continues its investment to bolster services along Louisiana’s Interstate 10 corridor and strengthens its Gulf Central Region, according to a news release.
“We are excited to welcome the Teche Electric team into our Rexel USA family,” said. Brad Paulsen, Rexel USA CEO. “Teche Electric has an excellent reputation in the commercial and residential markets and complements Rexel’s current position in the industrial market in southern Louisiana. Brendan O’Hare, our Gulf Central Region President, and his team look forward to partnering with our new Teche Electric teammates as we continue to deliver an exceptional customer experience.”
Rexel USA ranked No. 4 on MDM’s 2022 list of Top Electrical Distributors.
On Jan. 30, Rexel USA’s France-based parent company, Rexel, announced three transactions: its acquisition of Buckles-Smith Electric Company, its acquisition of Lineman’s Testing Laboratories and the divestment of Rexel’s activities in Norway. On Jan. 6, Rexel USA said it completed its acquisition of the Buckles-Smith Electric Company, headquartered in Santa Clara, California.