RS Electronics has been sold to WESCO International

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.”

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