Rexel to acquire US infrastructure platform GCG for $1.4 billion

Rexel GCG acquisition electrical equipment distribution infrastructure investment US market expansion

Rexel, the electrical equipment distributor, has reached an agreement with Audax Private Equity to acquire GCG, a US-based infrastructure platform, for an enterprise value of approximately $1.4 billion.

GCG employs roughly 950 people and is projected to generate over $1.1 billion in revenue by 2026. The company operates heavily in high-growth sectors, including data centers, electrical infrastructure, telecommunications, defense, and utilities.

Rexel intends to fund the acquisition through a combination of available cash and approximately €800 million in debt. Additionally, the company plans a capital increase of up to €500 million via an accelerated placement with institutional investors. CEO Guillaume Texier stated the deal is expected to be accretive to adjusted net income per share and EBITA margin from the first year.