Rexel USA, Inc. (“Rexel USA”) announced today that it has completed the acquisition of the Buckles-Smith Electric Company, headquartered in Santa Clara, California. With the acquisition, Rexel USA expands its presence as a leading authorized Rockwell Automation distributor and strengthens its California Region.
“We are excited to welcome the Buckles-Smith team into our Rexel USA family,” commented Brad Paulsen, Rexel USA CEO. “Buckles-Smith has long been one of the most respected and customer-focused electrical distributors in the western United States and we feel fortunate to have this incredible team join our organization. Mike Hanna, our California Region President, and his entire team look forward to working with our new Buckles-Smith teammates to deliver an overall experience that exceeds our customer’s expectations day in and day out.”
Art Cook, Buckles-Smith CEO and President, stated “We are excited about joining the Rexel family and leveraging their vast resources and infrastructure investments to deliver a world class customer experience. Rexel’s culture and focus on people align with Buckles-Smith’s foundational four pillars and will provide amazing opportunities for our team members to develop and expand their careers.”
Lakeside Partners acted as exclusive financial advisor to Buckles-Smith Electric Company, and Nixon Peabody LLP acted as its legal advisor with regard to the transaction. Barnes & Thornburg LLP acted as legal advisor for Rexel USA, Inc.
The announcement fills a busy week of acquisition in the supply chain, with Sonepar USA completing acquisitions of HOLT Electrical Supply and NEDCO earlier this week.
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