Wesco International Finalizes Purchase of Rahi Systems
Wesco International Acquires Rahi Systems
Wesco International (NYSE: WCC) announced it has completed the purchase of Rahi Systems
Holdings,
Inc., a leading provider of global hyperscale data center solutions. Wesco previously
announced its
plan to acquire Rahi on September 7, 2022.
The final purchase price of $217 million represents approximately 7.5x Rahi's projected trailing
twelve months adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) as
of September 30. 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.
"Rahi's extensive services portfolio strengthens our leading data center solution offerings for our
global customers," said John Engel, Chairman, President and CEO of Wesco. "This acquisition,
the
first since the transformational combination of Wesco and Anixter, highlights our continued
investment in the high growth data center segment and further expands cross-sell opportunities
across our company."
"With over 900 employees in 25 countries and trailing 12-month sales of approximately $400 million,
Rahi 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. "This significant investment fuels
growth for our technology focused customers, who can now leverage the combined global footprint,
infrastructure and IT expertise of Wesco."