Rexel CEO Sees More Deals in Wake of Revere Acquistion in US

French electrical equipment distributor Rexel SA plans to make more bolt-on acquisitions in countries such the US and Canada to tap a boom in data centers and manufacturing, after announcing its 16th deal in North America since 2020.

The Paris-based company on Tuesday unveiled a plan to buy Revere Electrical Supply, a US distributor specializing in industrial automation systems in the Midwest that had about $330 million in sales last year. The value of the deal, Rexel’s second-biggest in North America since the 2021 acquisition of Mayer for an enterprise value of $456 million, wasn’t disclosed.