Pittsburgh-based Wesco International, a provider of B2B distribution, logistics and supply chain solutions, recently signed an agreement to buy California-based Rahi Systems Holdings for $217 million.
Rahi Systems provides data center solutions to its customers by managing and simplifying technology. He will combine with Wesco’s Communication and Security Solutions strategic business unit, where he will strengthen the company’s global data center solutions offerings.
“Rahi has a successful history of above-market growth since its inception,” said Bill Geary, executive vice president and general manager of the business unit. “With over 900 employees in 25 countries around the world, this acquisition provides complementary global coverage and enhances our comprehensive suite of data center solutions for contractors, integrators and end users.”
The purchase price is approximately seven and a half times Rahi’s expected 12-month adjusted earnings before interest, taxes, depreciation and amortization.
Wesco generates more than $18 billion in annual sales and offers nearly 1.5 million products, end-to-end supply chain services and industry-leading digital capabilities. Its customer base includes government agencies, institutions, commercial and industrial companies, contractors, telecommunications providers and utilities.
Globally, Wesco employs approximately 18,000 people in more than 50 countries, working in approximately 800 branches, warehouses and sales offices.