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Announced

Completed

Graybar completed the acquisition of CX Connexion.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Acquisition

Domestic

Single Bidder

Electrical Components

manufacturing lighting equipment

Friendly

Private

Majority

Completed

Synopsis

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Graybar, a distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, completed the acquisition of CX Connexion, an electrical distributor that serves construction, commercial, institutional and industrial customers. Financial terms were not disclosed. "We are excited to welcome the CX Connexion team to Graybar. With its positive reputation and extensive service capabilities, we believe the acquisition of CX Connexion provides a solid foundation for accelerating our growth in the Chicago market," Kathleen M. Mazzarella, Graybar Chairman, President and CEO.

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