Anixter International Inc. stands to gain a foot-hold in the recovering residential construction market and a larger presence in security and low-voltage products with an agreement to acquire distributor Tri-Ed, Woodbury, N.Y., for $420 million.
Tri-Ed, which Anixter will buy from private equity group Audax Group, serves four major segments of the security business — video, access control, intrusion detection and fire/life safety. Tri-Ed employs over 600 people across 63 locatio
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.