Anixter Security has been struggling in 2014, with revenue actually declining in the most recent quarter. In particular, Anixter has emphasized that they are doing poorly in the low end of the market.
And who better at the low end than Tri-Ed? (besides ADI)
The big news is that Anixter is buying Tri-Ed.
In this note, we breakdown Tri-Ed's financial details, examine the strategic fit and the financial impact of the deal.