MAYER acquired by REXEL
Context
Rexel entered into a definitive agreement to acquire Mayer in a strategic move to significantly enhance its presence in the United States. The transaction is a key component of Rexel's growth strategy, which prioritizes strengthening its footprint in the North American market, the world's largest for electrical distribution. The acquisition was presented as being fully aligned with the objectives announced during Rexel's Capital Markets Day, signaling a return to bolt-on acquisitions in core markets. The combination is considered highly synergistic from a geographic perspective. Mayer's established network across the Southeast and Mid-Atlantic regions, including several high-growth states, is highly complementary to Rexel's existing operations, which is expected to enable a smooth integration process. For Rexel, the deal expands its market share and strengthens relationships with key suppliers in the region. For Mayer, becoming part of the Rexel group is expected to provide access to a broader suite of digital tools and platforms, designed to accelerate its digital sales capabilities, develop new service offerings, and improve overall operational efficiency. The acquisition was structured to be accretive to Rexel's earnings per share from the first year and value-creative from the second year forward, driven by anticipated synergies.
MAYER, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
-> Deep-dive in Business Services market trends
Target
Mayer is a prominent American distributor of electrical products, services, and solutions. Founded in 1930 and headquartered in Birmingham, Alabama, the company has established itself as a significant player in the electrical supply industry, particularly in the eastern United States. For decades, it was a family-owned enterprise held by the Collat family, fostering a culture centered on customer service and deep industry relationships. The company's business model is focused on serving a diverse clientele, primarily within the commercial and industrial end-markets. It acts as a critical intermediary, supplying electrical contractors, industrial facilities, and commercial businesses with a comprehensive portfolio of products needed for construction, renovation, and maintenance projects. As of late 2021, Mayer's operational infrastructure consisted of 68 branch locations spread across 12 states, with a particularly strong presence in Alabama, Florida, Georgia, and Pennsylvania. The company's workforce numbered approximately 1,200 employees. Its long-standing reputation is built on reliability, extensive product availability, and providing technical support to its customers, making it a key partner in the regional electrical supply chain.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (USD)
Similar deals in Business Services
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2021 | KILOUTOU | AB MATERIELS | FRANCE | Industrial Services | Kiloutou acquired AB Materiels to densify its network in the Provence-Alpes-Cote d'Azur (PACA) region. This acquisition allowed Kiloutou to integrate approx. 40 employees and a fleet of over 600 machines, strengthening its competitive position in a high-demand geographical area for renovation and civil engineering. |
| 11/2021 | PHENNA GROUP | JAMES FISHER TESTING SERVICES | UNITED KINGDOM | Industrial Services | The acquisition of James Fisher Testing Services by Phenna Group signifies a pivotal realignment of the industrial portfolio for James Fisher and Sons plc. The strategic rationale for this transaction centers on a "portfolio-refocusing" maneuver, allowing the seller to concentrate its capital on market-leading niche sectors in marine, energy, and defense. This alignment provides James Fisher Testing Services with an owner specifically focused on the Testing, Inspection, Certification, and Compliance sector, facilitating deeper integration into a dedicated infrastructure network |
| 09/2021 | THE ADECCO GROUP | AKKA TECHNOLOGIES | FRANCE | Industrial Services | Adecco Group announced the acquisition of a controlling stake in Akka Technologies from the Ricci family and Swilux, followed by a Mandatory Tender Offer for the remaining shares. The transaction values Akka at an Enterprise Value of EUR2.0 billion. The strategic rationale is to combine Akka with Adecco's high-tech brand, Modis. The combined entity creates the world's second-largest player in the ER&D (Engineering Research & Development) market, with 50,000 engineers and leadership in the "Smart Industry" segment |
| 09/2021 | PRODATA CONSULT | EMAGINE | DENMARK | Industrial Services | ProData Consult, facilitated by its majority shareholder Axcel, has acquired 100% of the French-headquartered emagine Group. This transformative acquisition represents ProData’s fourth deal in less than two years and serves as a cornerstone for its expansion outside the Nordics. The strategic rationale is to create a fully integrated pan-European range of coherent IT consultancy services by merging ProData’s Northern European dominance with emagine’s prominent positions in France, Germany, and the UK |
| 09/2021 | TURENNE CAPITAL / NORD CAPITAL PARTENAIRES | KALI ENVIRONNEMENT | FRANCE | Industrial Services | Turenne Emergence and Nord Capital Investissement have invested in the share capital of Kali Environnement Group as part of a primary LBO transaction aimed at supporting the reorganization of its shareholder base and the transfer of control by its founder, Pascal Marly. Founded in 1998 in the Hauts-de-France region, Kali Environnement Group is a consulting firm specializing in environmental and industrial risk management, comprising two complementary entities, Kalies and Kali'air, which cover the entire value chain, from regulatory studies to field measurements |
| 09/2021 | DXP ENTERPRISES | PREMIER WATER | UNITED STATES | Industrial Services | The global industrial leader has successfully finalized the acquisition of 100% of the share capital of the target, marking a definitive expansion of its technical footprint within the North and South Carolina regions. This strategic transaction represents a key milestone in the group’s effort to accelerate end-market diversification, specifically targeting the high-growth water and wastewater treatment segments. The strategic rationale for the move centers on the acquirer’s objective to incorporate specialized technical talent and rotating equipment expertise that complements its existing environmental services portfolio |
| 08/2021 | TRANSCAT | NEXA ENTERPRISE | IRELAND | Industrial Services | Transcat has successfully finalized the acquisition of 100% of the share capital of the target, marking a significant expansion of its technical advisory capabilities within the life sciences sector. This strategic transaction represents a definitive move to incorporate high-margin calibration optimization services into the group’s broader service segment. The strategic rationale for the move centers on the acquirer’s objective to broaden its technical operational depth in asset and reliability management for pharmaceutical and biotechnology clients |
| 07/2021 | PAI PARTNERS | APAVE GROUPE | FRANCE | Industrial Services | PAI Partners has finalized a strategic minority investment in Apave Group, marking the first time the organization has opened its capital to an outside institutional partner. GAPAVE, the historical association governing the group, remains the primary shareholder as it transitions toward a foundation structure. This transaction was notably concluded without immediate debt leverage at entry, reflecting a high-equity commitment to support long-term development. The investment thesis for the partnership is the acceleration of Apave’s 2025 development plan, aiming to position the entity among the top five global players in the TIC sector |
| 07/2021 | GRAFTON GROUP | IKH | FINLAND | Industrial Services | Grafton Group has successfully finalized the acquisition of 100% of the share capital of the target, marking its first entry into the Finnish market and establishing a significant presence in the Nordic region. This strategic transaction represents a pivotal step in the acquirer's international development strategy, specifically targeting high-growth technical wholesale sectors with resilient defensive characteristics. The strategic rationale for the move centers on the acquisition of a high-quality platform that broadens the group’s market position into specialized segments such as personal protective equipment and professional tools |
| 06/2021 | LOXAM | MASKINSLUSSEN | SWEDEN | Industrial Services | Loxam acquired 100% of Maskinslussen to densify its network in Sweden, specifically in the western part of the country. This acquisition added 3 branches to Loxam's existing Swedish operations. The deal allowed Loxam to integrate 35 employees and a high-quality fleet, strengthening its competitive position in the Swedish industrial heartland. |
REFERENCES
Valuation range: EV 300M - 700M USD
Revenue range: 750M - 1.3b USD
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MAYER by REXEL are reserved for mynth community members. Register for free to unlock full data.
Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: mayer
Acquirer: rexel