Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). The Group’s sales were €12.6 billion in 2020. Rexel operates through a network of more than 1,900 branches in 25 countries, with more than 24,000 employees. 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.
REXEL SENTE PROFESSIONAL
Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. Our combined geographic footprint, offering best-in-class products, services, solutions and digital capabilities, will help our customers and suppliers grow and be successful.” 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. 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. This transaction is fully in line with both the strategy and the financial objectives announced at our February Capital Markets Day.” We are impressed by the quality and reputation of Mayer’s team and are looking forward to starting to work with them, under the leadership of Jeff Baker, CEO of Rexel USA. The two companies’ strengths in the regions where Mayer operates are very complementary and should allow for a smooth integration. 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. The transaction remains subject to US antitrust approval and is expected to close before year-end.
REXEL SENTE SERIES
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.It will extend and reinforce Rexel’s relations with key suppliers.Mayer’s physical footprint is very complementary to Rexel’s, and Mayer‘s well-established reputation in the marketplace will benefit both companies. It will reinforce Rexel’s presence in the Southeast and Mid-Atlantic regions, with specific focus on high growth areas.This acquisition will provide several strategic benefits to both parties: The transaction will leave Rexel’s indebtedness ratio significantly below 2.0x EBITDA on a proforma basis. It counts 1,200 employees and generated turnover of USD1.2bn over the last twelve months through end-August 2021.īased on an Enterprise Value of USD456m, the transaction is projected to be accreditive to Rexel’s Earnings Per Share in year 1 and value-creating in year 2, fully in line with the Group’s commitment, notably thanks to targeted synergies of c.1.5% of acquired sales as of year 2. Headquartered in Birmingham, Alabama, founded in 1930 and owned by the Collat family, Mayer operates 68 branches in 12 states, with a strong presence in Alabama, Florida, Georgia and Pennsylvania. Rexel announces it has reached 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 supplies. It does not store any personal data.Rexel enters into an agreement to buy Mayer The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
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