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Wesco International has announced that it has entered a definitive agreement to acquire Rahi Systems Holdings for $217 million.
The purchase price represents approximately 7.5x Rahi’s projected trailing twelve months of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA).
Rahi Systems serves the full lifecycle of data center solutions by helping its customers manage and simplify technology. With this acquisition, Wesco will combine Rahi with its Communication and Security Solutions (CSS) strategic business unit.
Speaking on the acquisition, John Engel, Chairman, President & CEO of Wesco said, “This acquisition strengthens our leading data center solution offerings for our global customers. Rahi’s extensive services portfolio serving the leading global hyperscale data center providers expands the cross-sell opportunities across our company.”
Further commenting on the development, Bill Geary, Executive Vice President & General Manager, Wesco Communications and Security Solutions said, “Rahi has a successful history of above-market growth since its inception. With more than 900 employees in 25 countries worldwide, this acquisition provides complementary global coverage and enhances our full suite of data center solutions for contractors, integrators, and end-user customers.”