Rexel to Acquire GCG in a Deal Expected to Close by Year End
Rexel has announced its acquisition of GCG, a specialty wire and cable distribution platform. The deal is expected to close before the end of the year and will expand Rexel's presence in high-growth markets such as data centers and power infrastructure. GCG operates through two segments—Custom Engineered Solutions (CES) and Connectivity & Power Solutions (CPS)—and has grown significantly since 2019, reaching over $1.1 billion in revenue. Audax Private Equity acquired GCG from Genuine Parts Company's Electrical Specialties Group and supported its growth via organic initiatives and strategic acquisitions. Rexel aims to integrate GCG’s engineering-led model into its broader platform, enhancing value-added solutions for customers across multiple sectors including defense, telecom, and industrial markets.