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Read: Security Industry Veteran James Rothstein Joins Lee Equity Partners

Security Industry Veteran James Rothstein Joins Lee Equity Partners

Rothstein is a 30-year executive in the security industry, and most recently led Wesco/Anixter’s $2 billion global security and fire business.

Read: Wesco Int’l Divests Canadian Datacom Business to Guillevin

Wesco Int’l Divests Canadian Datacom Business to Guillevin

Following the similar sale of its Canadian utility business, the move was required to meet agreements as part of Wesco’s Anixter acquisition.

Read: Wesco Reports 2020 Sales Increased 48% on Anixter Acquisition

Wesco Reports 2020 Sales Increased 48% on Anixter Acquisition

Net sales for the fourth quarter increased 97%, which the wholesale distributor attributes in large part to acquiring rival Anixter in 2020.

Read: Wesco Sells Canadian Utility Distribution Business to Rexel

Wesco Sells Canadian Utility Distribution Business to Rexel

The deal partially fulfills Wesco’s pledge to divest its Canadian utility and datacom businesses in connection to its merger with Anixter.

Read: Safe Zone Gunfire Detection System Now Distributed by Anixter

Safe Zone Gunfire Detection System Now Distributed by Anixter

In addition to Anixter, the Safe Zone Gunfire Detection System is available through ADI, Wesco and many other mid-market regional distributors.

Read: Wesco Finalizes Merger With Anixter to Consolidate Fragmented Market

Wesco Finalizes Merger With Anixter to Consolidate Fragmented Market

The transaction was in the works since last year and getting to this point required Wesco to fight off a private equity firm that wanted to buy Anixter.

Read: Wesco and Anixter Name Post-Closing Leadership Team

Wesco and Anixter Name Post-Closing Leadership Team

The transaction is expected to close in the second or third quarter of 2020, subject to the satisfaction of remaining customary closing conditions.

Read: Anixter Ends Bidding War; Agrees to Wesco’s $4.5B Buyout Offer

Anixter Ends Bidding War; Agrees to Wesco’s $4.5B Buyout Offer

Anixter announced plans in October to be acquired by a Clayton, Dubilier & Rice affiliate for $3.8 billion; however, the deal allowed for better proposals.

Read: Anixter Favors New $100 Per Share Cash-and-Stock Offer by Wesco

Anixter Favors New $100 Per Share Cash-and-Stock Offer by Wesco

Rival bidder Clayton, Dubilier & Rice will have five business days to negotiate a counter offer, according to Anixter’s announcement.

Read: Wesco Not Going Quietly, Submits Improved Buyout Bid for Anixter

Wesco Not Going Quietly, Submits Improved Buyout Bid for Anixter

Wesco raised its buyout bid for rival wholesale distributor Anixter to $97 a share in cash and stock, up from $93.50 a share.

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