Anixter Buys Tri-Ed for $240M (8/11/14)
Monday, August 11, 2014 | Comments

Anixter International entered into a definitive agreement to acquire Tri-Ed, an independent distributor of security and low-voltage technology products from Audax Group for $420 million.

Headquartered in Woodbury, New York, Tri-Ed serves four major segments of the security business including video, access control, intrusion detection and fire/life safety, and provides about 110,000 products to more than 20,000 active dealer and integrator customers. The company employs more than 600 people across 63 locations in the United States and Canada. The company’s multi-channel distribution strategy integrates branches, technical sales centers and an e-commerce platform.

“The acquisition of Tri-Ed is a strategic opportunity for Anixter and our security business, consistent with our vision to create a leading global security platform and to accelerate profitable revenue growth,” said Bob Eck, Anixter’s president and CEO. “Through expanding our offering into highly complementary product lines, our customers will benefit from a broader set of products and solutions in the areas of video, access control, fire/life safety and intrusion detection. As well, the combination brings Anixter’s expertise in IP video surveillance to Tri-Ed’s customers.”

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