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Wesco International (NYSE: WCC) has announced a definitive agreement to acquire Rahi Systems Holdings, Inc. for $217 million. This acquisition, valued at about 7.5 times Rahi's projected adjusted EBITDA, will enhance Wesco's data center solutions by integrating Rahi's extensive services portfolio. Rahi, headquartered in Fremont, California, serves over 900 employees across 25 countries, providing opportunities for cross-selling within Wesco's Communication and Security Solutions unit. This strategic move aims to strengthen Wesco's position in the global hyperscale data center market.
Positive
Acquisition of Rahi Systems for $217 million enhances data center solutions.
Expected to provide cross-sell opportunities across Wesco's services.
Rahi's presence in 25 countries enhances global reach.
Negative
None.
PITTSBURGH--(BUSINESS WIRE)--
Wesco International (NYSE: WCC) today announced it has entered a definitive agreement to acquire Rahi Systems Holdings, Inc., a privately held company headquartered in Fremont, California for $217 million, and a leading provider of global hyperscale data center solutions. The purchase price represents approximately 7.5x Rahi’s projected trailing twelve months adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).
Rahi Systems serves the full lifecycle of data center solutions by helping their customers manage and simplify technology. With this acquisition, Wesco will combine Rahi with its Communication and Security Solutions (CSS) strategic business unit.
“This acquisition strengthens our leading data center solution offerings for our global customers,” said John Engel, Chairman, President and CEO of Wesco. “Rahi’s extensive services portfolio serving the leading global hyperscale data center providers expands the cross-sell opportunities across our company.”
“Rahi has a successful history of above-market growth since its inception. With more than 900 employees in 25 countries around the world, this acquisition provides complementary global coverage and enhances our full suite of data center solutions for contractors, integrators and end-user customers,” said Bill Geary, Executive Vice President and General Manager, Wesco Communications and Security Solutions.
About Wesco
Wesco International (NYSE: WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with more than $18 billion in annual sales and a leading provider of business-to-business distribution, logistics services and supply chain solutions. Wesco offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The Company employs approximately 18,000 people, partners with the industry’s premier suppliers, and serves thousands of customers around the world, including more than 90% of FORTUNE 100® companies. With nearly 1,500,000 products, end-to-end supply chain services, and leading digital capabilities, Wesco provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. Wesco operates approximately 800 branches, warehouses and sales offices in more than 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.
