Lincoln International Represents RS Electronics in the sale of the company to WESCO International, Inc. (NYSE: WCC)
Lincoln International, a leading global mid-market investment bank, has announced that RS Electronics has been sold to WESCO International, Inc. (“WESCO”) (NYSE: WCC). Financial terms of the transaction were not disclosed.
Headquartered in Livonia, Michigan, RS Electronics is a leading North American value-added distributor of electronic and electrical products, including interconnect, passive and electromechanical components (“IPE”) serving primarily the industrial, medical equipment, automotive and contract manufacturing end markets. RS Electronics has eight branches located in the Mid-west and Southeast with 2011 sales of approximately $60 million.
Lincoln International acted as the exclusive financial advisor to RS Electronics, working closely with the company’s owners and management throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Howard Taxe, RS Electronics' President commented “with a thorough understanding of RS Electronics’ business and the dynamics in the distribution industry, Lincoln created a process that provided an attractive strategic outcome for both the shareholders and the business.” Mr. Taxe added, “Lincoln provided expert guidance throughout the sale process that was critical in consummating this transaction.”
About Lincoln International
Lincoln International specializes in merger and acquisition advisory services, debt advisory services, private capital raising and restructuring advice on mid-market transactions. Lincoln International also provides fairness opinions, valuations and pension advisory services on a wide range of transaction sizes. With twelve offices, three in the Americas, two in Asia, and seven in Europe, and strategic partnerships with leading institutions in China and Korea, Lincoln International has strong local knowledge and contacts in the key global economies. The firm provides clients with senior level attention, in depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com.
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