• CX Connexion is a technology-enabled, value-added distributor of electrical, power, lighting/controls and value-added solutions servicing a broad range of end user markets 
• Graybar is a Fortune 500 corporation and one of the largest employee-owned companies in North America. It is a leading distributor of high quality electrical, communications and data networking products, and specializes in related supply chain management and logistics services. 
• The transaction highlights the firm’s expertise and relationships within the distribution and supply chain sectors as well as significant experience with privately held, family-owned and founder-owned businesses

CHICAGO, January 5, 2023 – Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to CX Connexion on its sale to Graybar.  

CX Connexion is a leading, full-service supplier of electrical products within the Chicago metropolitan area. Based in Buffalo Grove, IL, the company’s core expertise is in electrical distribution, lighting design and cost-saving lighting solutions. 

“Mesirow provided invaluable guidance throughout this transaction, showing a true understanding of privately held, family-owned businesses like CX Connexion,” said David Rosenstein, President & CEO of CX Connexion. “Identifying the right buyer for our business was a top priority, and Mesirow identified the ideal buyer in Graybar.”

Steve Abrams, COO of CX Connexion, added, “CX Connexion has built a reputation for driving value for customers through a compelling product portfolio and a differentiated suite of services. We are extremely appreciative of Mesirow’s guidance throughout the process and look forward to CX Connexion’s next phase of growth in partnership with Graybar.”

Rocky Pontikes, Managing Director of Mesirow Investment Banking, said, “It was a pleasure to support CX Connexion through this process. CX Connexion has a track record for excellence in their logistics, quality products and innovative solutions, making it an excellent addition to the Graybar lighting solutions business. We look forward to watching the success of this partnership.”

“CX Connexion has been a long-established leader in the Chicagoland area, and their sale to Graybar will help them expand their reach and continue providing quality products, services and solutions to their customers,” added Sam Hershman, Vice President of Mesirow Investment Banking.

The sale of CX Connexion to Graybar represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the distribution and supply chain sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow 

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.

About CX Connexion

Founded in 2007, CX Connexion is one of the preeminent electrical equipment and supply providers in the Midwest. CX Connexion provides a wide array of leading electrical and lighting products, design services, expert application support and customized, integrated solutions meeting the unique needs of their clients. Learn more: cxconnect.com

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with CX Connexion, Graybar, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2023. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.