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СпутникиРНSpaceXРоскосмосNASABY Fraser TennantIn a combination that creates a leading specialty infrastructure platform, French electrical parts supplier Rexel has acquired US infrastructure distributor GCG from Audax Private Equity for $1.1bn.Once complete, the deal is expected to position Rexel at the centre of several powerful megatrends reshaping the global economy and its electrification, including data centres, power and utilities infrastructure, grid modernisation, communications, defence, utilities and other long-term growth markets. Rexel also expects to generate meaningful cost synergies from GCG through scale, logistics optimisation, insourcing and select efficiencies. In addition, the combination also creates significant commercial opportunities by bringing GCG’s engineered solutions and specialty distribution capabilities to Rexel’s broader customer base.Headquartered in Chicago, Illinois, GCG operates 16 locations with approximately 950 employees. The company was acquired by Audax Private Equity through a carveout of Genuine Parts Company's Electrical Specialties Group and helped put in place and partner with GCG's management team to build the platform through organic growth initiatives and a disciplined acquisition strategy, completing multiple add-on acquisitions.“This is an exciting milestone for GCG and a testament to the strength of our business, our culture, and, most importantly, our people,” said Glenn Pennycook, chief executive of GCG. “We believe Rexel’s strategic focus and commitment to customers and suppliers make them the right partner, while creating new opportunities for our associates, customers and supplier partners.”The acquisition of GCG – which has been unanimously approved by Rexel’s board of directors – is fully aligned with Rexel’s strategy to accelerate further in its core geographies and is a strong driver of the its accelerated sales growth.“The acquisition significantly expands our addressable market, strengthening our position in key, fast-growing segments,” said Guillaume Texier, chief executive of Rexel. “It moves Rexel into higher-value parts of the infrastructure value chain and creates a more complete offering across electrical power and digital connectivity.”The transaction is expected to close by the end of 2026, subject to customary regulatory approvals and closing conditions.Mr Texier added: “The acquisition of GCG is fully in line with Rexel’s strategy, which aims at shaping our portfolio toward more growth and more value-added, and is a significant step in the direction of achieving our mid-term objectives.”News: France's Rexel to buy US distributor GCG for $1.4 billion
BY Fraser Tennant
In a combination that creates a leading specialty infrastructure platform, French electrical parts supplier Rexel has acquired US infrastructure distributor GCG from Audax Private Equity for $1.1bn.
Once complete, the deal is expected to position Rexel at the centre of several powerful megatrends reshaping the global economy and its electrification, including data centres, power and utilities infrastructure, grid modernisation, communications, defence, utilities and other long-term growth markets.
Rexel also expects to generate meaningful cost synergies from GCG through scale, logistics optimisation, insourcing and select efficiencies. In addition, the combination also creates significant commercial opportunities by bringing GCG’s engineered solutions and specialty distribution capabilities to Rexel’s broader customer base.
Headquartered in Chicago, Illinois, GCG operates 16 locations with approximately 950 employees. The company was acquired by Audax Private Equity through a carveout of Genuine Parts Company's Electrical Specialties Group and helped put in place and partner with GCG's management team to build the platform through organic growth initiatives and a disciplined acquisition strategy, completing multiple add-on acquisitions.
“This is an exciting milestone for GCG and a testament to the strength of our business, our culture, and, most importantly, our people,” said Glenn Pennycook, chief executive of GCG. “We believe Rexel’s strategic focus and commitment to customers and suppliers make them the right partner, while creating new opportunities for our associates, customers and supplier partners.”
The acquisition of GCG – which has been unanimously approved by Rexel’s board of directors – is fully aligned with Rexel’s strategy to accelerate further in its core geographies and is a strong driver of the its accelerated sales growth.
“The acquisition significantly expands our addressable market, strengthening our position in key, fast-growing segments,” said Guillaume Texier, chief executive of Rexel. “It moves Rexel into higher-value parts of the infrastructure value chain and creates a more complete offering across electrical power and digital connectivity.”
The transaction is expected to close by the end of 2026, subject to customary regulatory approvals and closing conditions.
Mr Texier added: “The acquisition of GCG is fully in line with Rexel’s strategy, which aims at shaping our portfolio toward more growth and more value-added, and is a significant step in the direction of achieving our mid-term objectives.”
News: France's Rexel to buy US distributor GCG for $1.4 billion
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