Econolite Acquires RAI Products' Operational Business
November 27, 2023
Econolite (part of Umovity) has acquired the operational business of its distribution partner RAI Products (Charlotte, NC) to expand its One-Stop-Shop intelligent transportation systems (ITS) portfolio and strengthen distribution and vendor relationships in the U.S. Southeast. RAI, a family-owned distributor founded in 1954, will integrate into Econolite's distribution network to support municipalities, state DOTs, and contractors with traffic signal hardware, ITS software, and related services.
- Buyers
- Econolite
- Targets
- RAI Products
- Sellers
- RAI Products
- Industry
- Transportation
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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