Avnet, Inc.

Avnet, Inc.

Avnet, Inc.

Overview
Date Founded

1955

Headquarters

2211 South 47th Street, Phoenix, AZ, 85034, USA

Type of Company

Public

Employees (Worldwide)

15.5K

Industries

Wholesale: Industrial Products & Manufacturing
Management Consulting
Internet Software & Services
Power & Utilities
Wholesale: Technology
Wholesale: Consumer Durables
Appliances & Electronics
Computer Software
Computer Hardware

Company Description

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

Contact Data
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Executives & Employees

Chief Executive Officer, Principal Executive Officer & Director

Chief Financial Officer

General Counsel & Chief Legal Officer

Chief Marketing Officer

Chief Information Officer

Corporate Controller & Principal Accounting Officer

Senior Vice President & Chief People Officer

Vice President

President, Avnet Electronics Marketing, Asia & Japan

Senior Vice President & Chief Administrative Officer

Board of Directors

President at 3ram Group LLC

Chief Executive Officer at AARP, Inc. (District of Columbia)

Chief Executive Officer, Principal Executive Officer & Director at Avnet, Inc.

Chief at Avnet, Inc.

Avnet, Inc.

Former Director, Chief Executive Officer & President at Teradyne, Inc.

Chief Executive Officer at Arteza, Inc.

Director, President & Chief Executive Officer at Viavi Solutions, Inc.

President at S Group Advisory LLC

Industrial Partner at FSI SGR SpA

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Owners & Shareholders
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Pzena Investment Management is a global investment management firm that employs a classic value investment approach. The firm began managing assets on January 1, 1996. Our solid return record and reputation for business integrity, research excellence, and devotion to our investment philosophy has led to significant growth in our business. As of February 28, 2013, the firm managed $18.9 billion in assets for leading corporate, public, and individual clients. Our team is made up of 69 employees. Our headquarters is in New York City, with a representative office in Melbourne, Australia.

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Perkins is primarily a long-only equities value investment advisor. The firm's value-oriented approach is based on the belief that investing in a diversified portfolio of high-quality, yet undervalued stocks can lead to outperformance of a benchmark over time. Perkins believes that by conducting rigorous downside analysis before determining upside potential, they can identify companies with favorable reward-to-risk trade-offs over a full market cycle. Their investment strategies include: small cap value, mid cap value, large cap value, global value, non-US value, all cap value and value plus income. Perkins uses the same methods of analysis on all strategies. They employ a thorough bottom-up method of fundamental analysis. Perkins seeks high-quality companies with strong balance sheets, low debt ratios, financial flexibility, solid recurring free cash flows and committed and tenured management with significant insider ownership. The portfolios that Perkins manages are designed for long-term investors seeking an equity portfolio, including common stocks.

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PCM is a global and international value equity manager. The firm employs an active, unconstrained (all countries, industries and market caps), value-oriented investment strategy. They employ a proprietary five factor global valuation model that produces a ranking of countries from the most undervalued to the most overvalued since country and industry factors have influences on security prices. The investment team conducts detailed fundamental research on the companies identified by the valuation screens. PCM's research process is almost entirely driven by a world-wide search for undervalued common stocks of well-run companies with sustainable business models that are priced to provide their required rate of return. Most investments are held for three to five years resulting in low portfolio turnover. In the portfolio construction process, PCM seeks to include a broad range of market-caps in the portfolio but does not attempt to override the results of the bottom-up investment process.

Recent Transactions
Details Hidden

Avnet, Inc. purchases Softweb Solutions, Inc.

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Avnet, Inc. purchases Dragon Innovation, Inc. from Flybridge Capital Partners, Foundry Group LLC, Lerer Hippeau, VegasTech.com LLC, BoxGroup (Venture Capital)

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Tech Data Corp. purchases Avnet, Inc. /Technology Solutions Bus from Avnet, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onArrow Electronics, Inc., Avnet, Inc., Permira Advisers LLP purchase VEBA Electronics Group from E.ON SE

Investment Advisor

Advised onArrow Electronics, Inc., Avnet, Inc., Permira Advisers LLP purchase VEBA Electronics Group from E.ON SE

Legal Advisor

Advised onAvnet, Inc. purchases Bell Microproducts, Inc.

Legal Advisor

Advised onAvnet, Inc. purchases Memec Group Holdings Ltd. from Permira Advisers LLP

Legal Advisor

Advised onAvnet, Inc. purchases Softweb Solutions, Inc.

Legal Advisor

Advised onAvnet, Inc., Avnet (Holdings) Ltd. purchase Horizon Technology Group Ltd.

Advisors & Consultants
Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Weil, Gotshal & Manges LLP

Clients

Samsung Electronics Co., Ltd. engages in the manufacturing and selling of electronics and computer peripherals. The company operates through following business divisions: Consumer Electronics, Information Technology & Mobile Communications and Device Solutions. The Consumer Electronics business division provides cable television, monitor, printer, air-conditioners, refrigerators, washing machines and medical devices. The Information Technology & Mobile Communications business division offers handheld products, communication systems, computers and digital cameras. The Device Solutions business division comprises of memory, system large scale integrated circuit and light emitting diode. The company was founded on January 13, 1969 and is headquartered in Suwon, South Korea.

Electronics For Imaging, Inc. engages in the provision of digital printing services. It focuses on printing, packaging, ceramic tile decoration, and textile industries from the use of traditional analog based printing to digital on-demand printing. It operates through the following three segments: Industrial Inkjet, Productivity Software, and Fiery. The Industrial Inkjet segment consists of VUTEk super-wide and wide format display graphics; Nozomi corrugated packaging and display; Reggiani textile; and Cretaprint ceramic tile decoration and building material industrial digital inkjet printers; digital ultra-violet curable, light emitting diode curable, ceramic, water-based, thermoforming, and specialty inks, as well as a variety of textile inks. The Productivity Software segment comprises of software suites that enables efficient and automated end-to-end business and production workflows for the print and packaging industries. The Fiery segment includes stand-alone digital front ends (DFEs) connected to digital printers, copiers, and other peripheral devices; embedded DFEs and design-licensed solutions used in digital copiers and multi-functional devices; optional software integrated into DFE solutions; Fiery Self Serve, a self-service and payment solution; and stand-alone software-based solutions such as proofing, textile, and scanning solutions. The company was founded in 1988 and is headquartered in Fremont, CA.

IEC Electronics Corp. provides electronic manufacturing services to technology companies that produce products for the medical, industrial, aerospace and defense sectors. It delivers technical solutions for the custom manufacturing, product configuration, and verification testing of engineered products. The company was founded by Roger E. Main in 1966 and is headquartered in Newark, NY.

Key Stats and Financials As of 2019
Market Capitalization
$3.06B
Total Enterprise Value
$6.19B
Earnings Per Share
$1.59
Revenue
$19.5B
EBITDAMargin
4.06%
Enterprise Value Sales
0.32x
Enterprise Value EBITDAOperating
7.81x
TEVNet Income
35.1x
Debt TEV
0.28x
Total Equity
$4.14B
Total Debt
$1.72B
EBITDA
$792M
Net Profit
$176M
Three Year Compounded Annual Growth Rate Of Revenue
-9.37%
Five Year Compounded Annual Growth Rate Of Revenue
-6.63%
Non-Profit Donations & Grants
$2,500 - $4,999
2014
$500 - $1,249
2011
$500 - $1,249
2008
Investments
Details Hidden

BFi OPTiLAS International SAS distributes technical products for the photonics and electronics markets. The company markets and supplies imaging solutions and detection products, including thermal infrared and visible cameras, thermograph cameras, industrial CCD cameras, microscopy cameras, and imaging processing software. Its lasers and optical components include visible and infrared laser diodes, CO2 air cooled lasers, and diode pumped lasers. The company was founded in 1955 and is headquartered in Evry, France.

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Consonus is an IT solutions provider of Data Centers, IT Consulting and Infrastructure, and Managed Services. Its comprehensive suite of IT Infrastructure Services, combined with its highly secure and reliable data centers, allows it to address its customers' critical needs of availability, data manageability, disaster recovery, and consolidation.Whether a customer's business needs demand a single, focused solution or a comprehensive blend of managed IT services, its experts can architect, implement, support, and secure your mission-critical data and IT infrastructure by optimizing your environment through Virtualization Solutions, Data Protection Solutions and archiving, and Disaster Recovery Solutions.It has a large and diverse customer base comprised of more than 850 active customers in the United States. These customers represent a cross-section of industries and sizes, ranging from Fortune 100 companies to start-ups in which IT is a competitive differentiation. Consonus offers a full arsenal of expertise aimed at advancing the capabilities of its customers' mission-critical computing environments. It utilizes complete lifecycle approach to IT Consulting Services, beginning with needs and design consulting and continuing with solution implementation, complemented by an array of IT operations support including managed services and managed hosting and completed by full 24x7 vendor-authorized support.

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Viacore, Inc. provided comprehensive business integration services. Its services included providing businesstone intercompany application integration to private community building and participation. The company's clients included industry such as Arrow Electronics, Cisco Systems, Philips Semiconductor, Tyco Electronics and HP. It was founded by Tony Curwen in 1999 and was headquartered in Irvine, CA.

Investors
Details Hidden

Limited Partner at Lead Edge Capital Management LLC

Suppliers
Data I/O Corp. Appliances & Electronics | Redmond, WA

Data I/O Corp. engages in the provision of programming, security provisioning and associated intellectual property management solutions used in electronics manufacturing with flash memory, microcontrollers, and flash memory-based intelligent devices as well as secure element devices and secure microcontrollers. It designs, manufactures and sells programming systems and services for electronic device manufacturers, specifically targeting high-growth areas such as high-volume users of flash memory and flash memory based microcontrollers. The company was founded by Grant C. Record and Milt Zeutchel in April 1969 and is headquartered in Redmond, WA.

Diodes Inc. Semiconductors | Plano, TX

Diodes Incorporated (Nasdaq: DIOD), a Standard and Poor’s SmallCap 600 and Russell 3000 Index company, is a leading global manufacturer and supplier of high-quality application specific standard products within the broad discrete, logic, and analog semiconductor markets. Diodes serves the consumer electronics, computing, communications, industrial, and automotive markets. Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate logic, amplifiers and comparators, Hall-effect and temperature sensors; power management devices, including LED drivers, DC-DC switching and linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers

Fairchild Semiconductor International, Inc. Computer Software | San Jose, California

Fairchild Semiconductor International, Inc. designs, develops and markets analog discrete, logic, and non-volatile memory semiconductors. The company was founded by Gordon E. Moore, C. Sheldon Roberts, Eugene Kleiner, Robert N. Noyce, Victor H. Grinich, Julius Blank, Jean A. Hoerni and Jay T. Last on October 1, 1957 and is headquartered in San Jose, CA.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Arrow Electronics, Inc. Wholesale: Industrial Products & Manufacturing - Englewood, CO

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2011 sales of $21.4 billion. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries. A Fortune 200 company with 15,700 employees worldwide, Arrow brings technology solutions to a breadth of markets, including telecommunications, information systems, transportation, medical, industrial and consumer electronics.

WPG Holdings Ltd. Wholesale: Industrial Products & Manufacturing - Taipei, Taiwan

WPG Holdings Ltd. operates as a holding company, which manufactures electronic parts and equipment. The company offers services for original equipment manufacturers, original design manufacturers, electronic manufacturing service providers and small and medium enterprises. The company was founded on November 9, 2005 and is headquartered in Taipei, Taiwan.

Awards & Honors
Rank #102
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #102
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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