Exclusive financial advisor to Horizon Solutions LLC
KPMG Corporate Finance LLC acted as exclusive financial advisor to Horizon Solutions LLC
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce the sale of Horizon Solutions LLC ® (“Horizon” or the “Company”) to Rexel USA, Inc. (“Rexel”).
Horizon Solutions is a leading wholesaler and distributor of automation, electrical, industrial, energy and safety products and related services throughout the Northeastern US. Headquartered in Rochester, NY, Horizon operates out of 10 locations spanning 5 states. The Company serves as Rockwell Automation’s ® (“Rockwell”) exclusive distributor across defined geographic territories in large parts of New York state and several New England states. In addition to Rockwell, Horizon distributes a full suite of products and solutions to electrical and industrial manufacturers. Through the transaction, Rexel expands its presence as a leading Rockwell distributor and strengthens its Northeast USA Region.
John Kerkhove, President and CEO of Horizon Solutions, commented on working with KPMG CF. “The KPMG CF team was an exceptional partner to the ownership and management teams of Horizon. The team’s experience and skill coupled with their analytical and proactive approach ensured an efficient process and a successful outcome for all stakeholders.” Dick Wilson, owner, added, “KPMG CF had the drive and expertise we were looking for. Their exceptional communication and calm demeanor gave us confidence as owners throughout the process. We ended up with a tremendous outcome.”
About Rexel USA, Inc.
Rexel USA, Inc. is the U.S. presence of Rexel, a global leader in the distribution of electrical supplies and services, serving three main end markets: industrial, commercial, and residential.
KPMG Corporate Finance
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.