Rexel said on 25 September it will buy GCG, a US specialty wire and cable distributor, from Audax Private Equity for about $1.4bn. The deal is expected to close by the end of 2026.
Market context
GCG expects more than $1.1bn of revenue in 2026 from 16 sites, with most sales involving customised or engineered products. Rexel expects the deal to lift adjusted EPS in the first year.
