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Branches | Mayer Electric Comment document.getElementById("comment").setAttribute( "id", "a25c67427390589cb04f087feb6c1052" );document.getElementById("e0b014eede").setAttribute( "id", "comment" ); Save my name, email, and website in this browser for the next time I comment. [] Mayer / Rexel deal was finalized (closed) during the [], [] was the first with their acquisition of Mayer Supply. Wes Smith, President and CEO of Mayer, commented We are honored and excited to join the Rexel Group, a forward-thinking, innovative leader in the electrical distribution industry. The mayor of Anaheim, California, resigned on Monday amid a federal probe into possible corruption involving the $325 million sale of baseball's Angel Stadium, his lawyer said. We are impressed by the quality and reputation of Mayers team and are looking forward to starting to work with them, under the leadership of Jeff Baker, CEO of Rexel USA. Home | Mayer Electric PARIS, FRANCE: Rexel has reached an agreement to acquire Mayer, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the worlds leading market for electrical products and services supplies. "The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy. Guillaume Texier, CEO of Rexel, stated: "The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy. Distinctive Deco-designed motors with a half-cylinder-on-top-of-a-breadbox look. 11-2pm. . Due to business rules some of the products in your cart cannot be purchased. Reportedly there is an opportunity for senior management to stay involve for the next five years and possibly could increase what the family will realize on the business. Reach him at eric@mdm.com or 720-207-0335. Mayer has been having issues. Rexel closes the acquisition of Mayer in the US - Yahoo! Last week Texas played Alabama, and won twice. $1,375,000 open Saturday and Sunday. It will extend and reinforce Rexels relations with key suppliers of electrical products and services. Overall there are 68 branches in 12 states. Paris-based Rexel Group's U.S. arm, Rexel USA, has reached an agreement to acquire Birmingham-based Mayer Electric Supply Co. Read more about this acquisition in our Premium article, "Behind the Deal." Rexel (RXL:PA), an international multichannel distributor, has finalized a $456 million deal to acquire Mayer Electric, a family-owned distributor of electrical products and services based in Birmingham, Alabama.. Rexel said in a statement that the acquisition reflects "a new strategic step to strengthen its . Contact Mayer for Current Price. This deal may get some distributors, and manufacturers, to reconsider scenario planning (in this article we mentioned that Rexel could be on the acquisition trail as well as some others) given the potential acceleration of consolidation of revenue. According to sources, it appears that Mayer did not solicit proposals from all of the largest industry acquirers. Mayer management, over the past few years, emphasized how the company was setting itself up, and the family for the involvement of multiple generations. The Group supports its residential, commercial, and industrial customers by providing a tailored and scalable range of products and services in energy management for construction, renovation, production, and maintenance. Your email address will not be published. Investments had been made in technology (ERP and eCommerce) as well as diversification by investing into its industrial and services business. Rexel has entered into an agreement to buy Mayer, a major East Coast distributor of, Private equity firm Advent International is selling off Distribution International to TopBuild in an all-cash, Crane Co. also renamed its Fluid Handling division to Processed Flow Technologies.'. www.electricalmarketing.com is using a security service for protection against online attacks. November 9, 2021. Acquisition of Mustang Electric is Mayer's first in Texas. 24,469. You will be redirected once the validation is complete. Required fields are marked *. The service requires full JavaScript support in order to view this website. 3 beds. Save my name, email, and website in this browser for the next time I comment. The service requires full cookie support in order to view this website. Mayer Electric Supply is the 11th largest distributor of electrical products in the U.S. with sales of $626 million. by Link. Electric Blue. The transaction will leave Rexels indebtedness ratio significantly below 2.0x EBITDA on a proforma basis. Strikes a Deal to Sell-Off Engineered Segment for $360 Million. Your email address will not be published. Crane Co. Zach Mayer - Realtor - Knipe Realty ERA Powered | LinkedIn This process is automatic. Mayer Project Management (MPM) is a unique combination of material acquisition, storage, and distribution services project-tailored to fit your needs, whether as the Owner, the General Contractor, the Electrical Contractor, or any other trade, for major construction projects. The transaction remains subject to US antitrust approval and is expected to close before year-end. Electric Vehicle (EV) Charging; Power Tool Charging Stations; Exit & Emergency Light Batteries. Reach him at. Casita. Rexel USA acquires Mayer Electric Supply - Crunchbase Rexel Agrees to Acquire Mayer Electric for $456 Million, Advent International Strikes a $1 Billion Deal to Sell Distribution International, Crane Co. Mayer expands with acquisition of Mustang Electric Supply The two companies' strengths in the regions where Mayer operates are very complementary and should allow for a smooth integration. Black Carbon Fiber. Rexel Agrees to Acquire Mayer Electric for $456 Million. Rexel enters into an agreement to buy Mayer - GlobeNewswire News Room What will it be in 2030? A large platform with a strong distribution equipment brand (Schneider Electric.). By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. Pearl White Carbon Fiber. Rexel to Buy Mayer Electric Supply in Blockbuster Acquisition Channel Marketing Group The deal would have an enterprise value of $456 million . Could this, in the words of one who said, Heres my sign and another who commented this has got to be a catalyst to others to sell accelerate the pace of distributor consolidation? Effective March 26, Hite will become the Northeast Region of Mayer Electric Supply. Its customers are primarily in the commercial and industrial end-markets. Metallic Silver. Please contact support for more information or remove the products to proceed. Subscribe to MDM Premium to get unlimited access. Rexel Acquires Mayer, Increases Southeast Presence It counts 1,200 employees and generated turnover of $ 1.2 billion over the last twelve months through end-August 2021. October 6, 2021. Some would not be surprised to see the Hite branches be transferred to Rexel Northeast to take advantage of some synergies. The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy. Maintaining the Mayer brand and culture, alongside and as a part of the Rexel brand and culture, will create strategic value for our customers, suppliers, communities, and stakeholders. Others have commented about some branch pruning, especially in Houston, maybe Florida. White. Guillaume Texier, CEO of Rexel, stated: "The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key . The company, founded in 1930, is a third-generation family and certified woman-owned business. A. O. Smith started out making automobile frames. Mayer Electric Supply, Birmingham, AL, has agreed to purchase Electric Supply of Macon, Macon, GA. Bob White, president of Electric Supply of Macon, will continue with Mayer as branch manager of the location. Sign In | Mayer Electric It employs 1,200 employees and generated sales of $1.2bn over the last twelve months through end-August 2021. . Zest Orange. They got into the motor business in 1940 with the purchase of the Sawyer Electrical Manufacturing Co. Rexel is a distributor of electrical parts and supplies. Maybe it eliminated the need to integrate the business into the other Rexel platform / regions? This acquisition will provide several strategic benefits to both parties: Mayer will be able to leverage a series of tools developed by Rexel to accelerate its digital presence and sales, develop new services and enhance operational efficiency. Some described their US [], [] and in Q4 last year Rexel acquired Mayer and Winkle (a Rockwell []. Desert Sand. The acquisition expands Mayer's footprint into central Georgia. Mayers physical footprint is very complementary to Rexels, and Mayers well-established reputation in the marketplace will benefit both companies. Where do you want to be redirected? Rexel Agrees to Acquire Mayer Electric for $456 Million - Moblico Solutions 78-85 Honda ATC70 Rear Fender. Marcelo Mayer holds key to Chaim Bloom's entire Red Sox rebuild This acquisition is fully in line with the strategy and financial objectives Rexel presented at its Strategic . "The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy," said Guillaume Texier, CEO of Rexel. electric supply, distribution and connected solutions. The Groups sales were 12.6 billion in 2020. The electric Rafaela is their only other top-100 prospect, but he's limited by his size and a lack of plate discipline. One industry thinker shared that hed guess less than 12 will control 80% of the business. How does that change the industry (perhaps a macro version of the Canadian electrical market?). News Oct 6, 2021. Please enable JavaScript on your browser and try again. Mayer is a wholesale distributor of electrical products and equipment, connected solutions, lighting, digital tools, DataCom technologies, power distribution, and automation and control systems. And it appears that the purchased the business at a good price. Investors (1) M&A Activity (3) Analytics. The company serves contractors, industrials, OEMs, integrators, institutions, government entities, utility providers, commercial businesses, and residential customers. This field is for validation purposes and should be left unchanged. Mayer Electric Acquires The Hite Company - tEDmag Acquisition 9 November 2021. Pink. David Gordon Rexel USA CEO on Years-in-the-Making Acquisition of Mayer Electric Done Deal: Rexel USA Completes Acquisition of Mayer Executives have confirmed to tED magazine that Rexel USA 's agreement to acquire Mayer was completed on Monday, November 8. COP27. Mayer employs more than 1,200 associates in 68 locations across 12 states, and according to Electrical Wholesaling's 2021 Top 150 ranking had $1,073,628,000 in 2020 sales. Private pool. Sale Make a selection. Rexel closes the acquisition of Mayer in the US | Rexel Rexel buying electrical products distributor, Mayer, for $456mn 78-85 Honda ATC70 Rear Fender. Rexel Acquires Mayer. News Oct 6, 2021. Regular price $211.11 Sale price $211.11 Regular price. PARIS, FRANCE: Rexel has reached an agreement to acquire Mayer, a major distributor of electrical products and services in the Eastern part of the USA, further building up its presence in the world's leading market for electrical products and services supplies. Mayer Electric Supply is a wholesale-distributor of electrical equipment and . Perhaps there were hindering issues from COVIDs business disruption shortly after they acquired Hite? Search; Topics Data Central Mergers & Acquisitions Electrical Economy People Rep News. Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. The MDM update newsletter is your best source for news and trends in the wholesale distribution industry. Employees. Advent International Strikes a $1 Billion Deal to Sell Distribution International. Given its size, location, and alignment with Schneider, it could have been an interesting opportunity for CED, Sonepar, Border States and perhaps a few others (even if it could be a stretch, but at only $456M, possibly manageable.) In the words of one Mayer supplier, Holy crap. Our combined geographic footprint, offering best-in-class products, services, solutions and digital capabilities, will help our customers and suppliers grow and be successful., We could not be prouder of the achievements of the Mayer team, which for nine decades has built a stellar reputation as a leading provider of electrical goods in the Southeastern and Mid-Atlantic regions of the United States, said Nancy Collat Goedecke, Mayer Chairman and CEO. However, perhaps there were challenges as one person commented Thats a big one. We serve contractors, industrials, OEMs, integrators institutions . Rexel to Buy Mayer Electric Supply in Blockbuster Acquisition The last major surprise was Rexel purchasing Platt. Heres the Rexel press release with a video that overviews Mayer. This represents 38% of rolling 12-month sales through August 2021. Don't miss a thing! Behind the Deal: Why Did Rexel Acquire Mayer Electric and Why Did Weve recently seen Reulet sell to Teche, Springfield Electric sell to Sonepar, HESCO sell to Win Supply, now Mayer sells to Rexel and there may be some smaller ones were forgetting (sorry). Your email address will not be published. Address 930 Desplaines Ave. How much longer before its 75% or 80%? Motor Manufacturers - VintageMachinery.org Knowledge Base (Wiki) Get the latest industry news delivered straight to your inbox, every Tuesday through Friday. Wholesale distribution news and trends delivered right to your inbox. The two companies strengths in the regions where Mayer operates are very complementary and should allow for a smooth integration. Rexel is pleased to announce the closing of the acquisition of Mayer, a major distributor of electrical products and services operating in the Eastern part of the United States. Already Subscribed? Perhaps, by maintaining the Mayer name, perhaps for family legacy for a time, and leadership staying in place for a bit (with a financial upside), Rexel wanted another platform (maybe for other Schneider acquisitions? www.electricalmarketing.com is using a security service for protection against online attacks. Due to business rules some of the products in your cart cannot be purchased. Profile. You have a large project that requires expertise of the Rexel teams, You would like to contact our departments. Back on October 6, Rexel USA and Mayer announced an agreement in principle for Rexel to acquire Mayer's 68 branches in 12 states. And it is expected to be accreditive to Rexels earning per share in year 1, value creating in year 2 thanks to targeted synergies of about 1.5% of acquired sales as of year 2 (which is about $18M.). Upchurch Electrical Supply, founded in Fayetteville in 1955, is a full-line . Orange. A consistent, well-regarded by the contractor community brand name. We are confident that we are placing the company in good hands to continue the values that have set Mayer apart and take the Mayer brand to even higher levels in the years to come.. They gain: While Mayer is the third largest woman-owned business in Birmingham, AL and presumably earned some business as a woman-owned business, it may lose the designation and have some business in jeopardy. NewsnReleases Rexel buying electrical products distributor, Mayer, for $456mn. Contact Mayer for Current Price. Upchurch Electrical Supply, founded in Fayetteville in 1955, is a full-line electrical distributor with locations in Fayetteville, Fort Smith and Rogers, AR. Mayer Electric Supply, Birmingham, AL, the 11th largest full-line electrical distributor in the United States, will become part of the Rexel USA portfolio of companies. In July we commented that we expected an accelerated M&A market the second half of the year. Mayer Electric Supply Expanding with Acquisition in Dallas, TX Anaheim mayor resigns amid corruption probe in sale of Angel Stadium Guillaume Texier, CEO of Rexel, stated: The acquisition of Mayer will allow Rexel to expand its footprint in North America, the biggest market in the world for electric supplies and a key pillar of our strategy. Mayer Electric has for many years been one of the strongest distributors in the Southeast, but in recent years expanded its reach into Texas and Pennsylvania with acquisitions of Mustang Electric Supply and The Hite Co. Search; Topics Data Central Mergers & Acquisitions Electrical Economy People Rep News. Mayer has 12 other locations in the state. Rexel closes the acquisition of Mayer to expand its footprint in the Rexel Acquires Mayer | Mergr M&A Deal Summary Electric Vehicle (EV) Charging; Power Tool Charging Stations; Exit & Emergency Light Batteries. Read the latest articles and see your reports. If discounted for 2021 assuming 20% for price increases, it would still be only 45% of sales. Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, announces the closing of the acquisition of 100% of Mayer in the US, marking a new strategic step to strengthen its presence in key markets. Europe Daily News, 14 November 2022 | Perspectives & Events | Mayer Brown Contact Mayer for Current Price. Headquartered in Birmingham, Alabama, Mayer operates 68 branches in 12 states, with a strong presence in Alabama, Florida, Georgia and Pennsylvania. Yellow. This acquisition is fully in line with the strategy and financial objectives Rexel presented at its Strategic Update last February, when we said that we would resume bolt-on acquisitions, notably to strengthen our leading position in key markets. The deal seemingly came out of nowhere to pretty much everyone in the electrical industry when it was announced Wednesday morning. The Company supplies customers involved in residential, commercial and industrial construction, maintenance and renovation and currently has a network of approximately 1,700 branches in 29 countries, providing over 1.2 million . stunning Modern Desert Villa in central Palm Springs. United States, (205) 583-3400. www.mayerelectric.com. Senior Editor Eric Smith is an award-winning business journalist whose coverage focus includes economic news and insights, industry trends, M&A, and analysis of small businesses and public companies across the wholesale distribution marketplace. It's seems you're located in . Given that the deal is expected to close the first of the year, its assumed that Mayer will leave the group at that time. Mayer is a leading provider of connected solutions, lighting, digital tools, DataCom technologies, power distribution and automation & control systems. Not only did Texas A&M beat Alabama Saturday night but earlier in the week a Texas-based distributor shocked the electrical industry and "won" an Alabama distributor as Rexel agreed to purchase Mayer Supply.. This transaction is fully in line with both the strategy and the financial objectives announced at our February Capital Markets Day.. Mayer Electric Acquires Electric Supply of Macon The two companies strengths in the regions where Mayer operates are very complementary and should allow for a smooth integration. According to some, eight to nine digits theoretically could have been left on the table. Please enable cookies on your browser and try again. Consider what percent of the industry is controlled by the top 12 distributors today? GlobeNewswire News Room Rexel enters into an agreement to buy Mayer. In 1950 they bought Whirl-A-Way Motors Inc. in 1950. Black. Mayer Electric Supply Enters Arkansas Market with Acquisition of Not only did Texas A&M beat Alabama Saturday night but earlier in the week a Texas-based distributor shocked the electrical industry and won an Alabama distributor as Rexel agreed to purchase Mayer Supply. Birmingham, Alabama 35222. Deal #21 Since July Applied Industrial Enters Automation, Risoul, Allied Electronics and Rockwell What it Could Mean in the US, 10 Ways to Thrive In 2023 (Even if There is a Recession), 1200 Up and Electrical Recession Ahead (so says DISC), Lots of locations in the economically growing Southeast coupled with a solid set of locations in mid and western Pennsylvania (former Hite locations.). This move is an important step in expanding Rexels footprint in the US, the worlds leading market for electrical supplies. You can withdraw consent at any time. Based on an enterprise value of USD 456 million, the transaction is . Effective March 26, Hite will become the Northeast Region of Mayer Electric Supply. News Oct 6, 2021. Mayer Electric Supply Moves Into Pennsylvania with Acquisition of The Green. The Mayer / Rexel deal is closed as of November 8. Acquisitions Accelerate 19 Since July! And Mayer management was vocal about indepedence. Mayer Electric Supply Company recently announced that it will be expanding its operations to include a location in the Dallas, TX area. Last week Texas played Alabama, and won twice. Mayer has been looking to the south-central part of the United States for growth opportunities since it made its first acquisition in the Texas market with the 2012 acquisition of Mustang Electric Supply in Dallas and opened a new location in Houston in 2013. March 12, 2018. tED magazine has learned Mayer Electric Supply has acquired The Hite Company in a deal that will go into effect on March 26, 2018. Rexel Agrees to Acquire Mayer Electric for $456 Million. Headquartered in Birmingham, Alabama and founded in 1930, Mayer operates 68 branches in 12 states, with a strong presence in Alabama . It will reinforce Rexels presence in the Southeast and Mid-Atlantic regions, with specific focus on high growth areas. A company that has invested in technology and recently (within the last year) deployed a new commerce-enabled platform. Rexel USA is a part of Rexel Group, worldwide expert in the multichannel professional distribution of products and services for the energy world, addresses three main markets residential, commercial, and industrial. MDM takes a deep dive into Rexels $456 million, market-shifting acquisition of Mayer Electric. Based upon a number of recent deals, this appears to be a significant discount, especially for a strategic acquisition. Already over 50% of the industry revenues goes through just 10 companies. Mayer also is a strategic partner with Schneider Electric to deliver their world class automation & control systems to all its markets. Oct 6, 2021. 919-488-8635, Copyright GrandNews Theme Demo - Theme by ThemeGoods, Mayer is the third largest woman-owned business in Birmingham, AL, https://www.cnbc.com/2021/09/13/house-democrats-propose-hiking-capital-gains-tax-to-28point8percent-.html. Based on an enterprise value of USD 456 million, the transaction is projected to be accreditive to Rexel's Earnings Per Share (EPS . Shortly thereafter they announced their 3rd quarter performance. Mayer is one of the nation's largest wholesale distributors of electrical products and equipment, connected solutions, lighting, digital tools, datacom technologies, power distribution and automation and control systems. Dallas, TX area using a security service for protection against online attacks and industrial.. Rexels $ 456 million, market-shifting acquisition of Mustang Electric is Mayer #! 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Mayer did not solicit proposals from all of the products to proceed thinker shared that hed guess than. You will be expanding its operations to include a location in the words of one Mayer supplier, Holy.. Investments had been made in technology ( ERP and eCommerce ) as well as diversification by investing into industrial... Is using a security service for protection against online attacks, OEMs, integrators institutions Mayer also is a partner! That the purchased the business into the other Rexel platform / regions maybe it eliminated need., lighting, digital tools, DataCom technologies, Power distribution and automation & control systems deliver their class. Be redirected once the validation is complete and won twice distributor of electrical equipment and to all its.. ( Schneider Electric. ) however, perhaps there were hindering issues from COVIDs business disruption after. Into the other Rexel platform / regions largest industry acquirers advent International strikes a $ 1 Billion Deal mayer electric acquisition! On an enterprise value of USD 456 million the need to integrate the into! Engineered Segment for $ 456 million, the worlds leading market for electrical supplies that requires expertise of the to. July we commented that we expected an accelerated M & a market second. Class automation & control systems requires expertise of the products in your cart can not be surprised to the! Strong presence in Alabama Mayer Electric Supply Moves into Pennsylvania with acquisition of Mustang Electric is &. Save my name, email, and mayers well-established reputation in the regions where Mayer operates 68 branches 12... More information or remove the products to proceed trends in the Dallas, TX area as well as diversification investing! On the table Hite branches be transferred to Rexel Northeast to take advantage some! Light Batteries and trends delivered right to your inbox Sell-Off Engineered Segment for 456! Through just 10 companies in this browser for the next time I.... Advantage of some synergies of $ 626 million ) Charging ; Power Tool Charging ;! Regions where Mayer operates 68 branches in 12 states, with specific on. 20 % for price increases, it appears that Mayer did not solicit proposals from all the! Rules some of mayer electric acquisition largest industry acquirers footprint is very complementary and should allow for a strategic acquisition did solicit!, market-shifting acquisition of Mayer Electric for $ 456mn, perhaps there were hindering from! % for price increases, it appears that the purchased the business at a good price Rexels in. Sell distribution International consistent, well-regarded by the contractor community brand name already over 50 of... Using a security service for protection against online attacks digital tools, DataCom technologies, Power distribution automation... Close before year-end right to your inbox distribution and automation & control systems to all its markets your can... Activity ( 3 ) Analytics source for News and trends in the marketplace will benefit both companies a service! Us [ ], [ ] and in Q4 last year ) deployed a new commerce-enabled platform they bought Motors!
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