Rexel USA recently announced that it came to an agreement with Talley Inc., to acquire the U.S. distributor. This acquisition is Rexel USA’s entry into the telecommunications market and “sets the stage for the development of a national data communications segment”.
Talley has shown that it is an industry-leading provider of network infrastructure products with a diverse clientele that includes mobile network operators, network installers, infrastructure operators, and end users across the U.S. The company has an anticipated 2024 revenue of around $360 million and has 11 warehouses along with 300 employees.
Rexel USA will leverage the strength of Tally’s brand and people by operating the company as a special business unit. Among the many benefits of acquisition for Rexel USA are entry into the telecom market, access to an extensive network of data communications suppliers and their product portfolios, the acquisition of an industry leader at a national scale, and more.
The transaction is contingent upon U.S. antitrust approval and customary closing conditions, with an anticipated closure of the deal in June.
Roger Little, CEO of Rexel USA, stated, "The acquisition of Talley marks a significant milestone for Rexel as we solidify our position in the U.S. communications industry by acquiring a clear leader. This strategic move aligns with our mission to accelerate electrification and deliver innovative, sustainable energy solutions. We recognize the pivotal role of communications infrastructure as a natural complement to our electrifying solutions and a crucial enabler for a connected, smart, and sustainable future. We are truly impressed by the quality and reputation of Talley’s team, and we are excited about our partnership as we work together to take both businesses to new heights."
Mark Talley, CEO of Talley Inc., commented, “We are excited to join Rexel, a leader in the electrical distribution industry. Maintaining the Talley brand and culture, alongside and as a part of the Rexel brand and culture, will create strategic value for our customers, suppliers, communities, and stakeholders. Our combined strengths, offering best-in-class products, services, and solutions, will help our customers and suppliers grow and be successful.”
