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Anixter to acquire Tri-Ed for $420 million

August 11, 2014Martha Entwistle

GLENVIEW, Ill.—Today, Anixter International announced that it will acquire Tri-Ed for $420 million, so now Tri-Ed, which had aspirations to become a "billion dollar distribution business," will be part of a $1.7 billion security distribution company. Anixiter will buy Tri-Ed from Audax Group, a private equity firm, which acquired Tri-Ed in April 2012. Since getting into security in 2000, Anixter has “quietly built a $1.1 billion security business, but we're still the...

Anixter, Audax Group, Bob Eck, CEO Pat Communale, Imperial Capital, John Mack, Mergers & Acquisitions, security distribution business, Security Systems News (SSN), Tri-Ed