M&A

Arrow Electronics completes acquisition of immixGroup

Arrow Electronics has completed its acquisition of value-added distributor immixGroup in a move that increases Arrow’s presence in the federal market.

The deal was announced at the beginning of this month. No financial terms were disclosed.

Arrow, a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, takes a big step into the public sector IT market with this acquisition.

According to USAspending.gov, the company had $20.8 million in federal sales in fiscal 2014, compared to immixGroup’s $418.3 million.

For immixGroup, this transaction represents an opportunity to continue expanding its value proposition by aligning with a company ranked at No. 138 on the Fortune 500.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

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