PITTSBURGH, Oct. 31,
2024 /PRNewswire/ --
Wesco International (NYSE:WCC) today announced it
has entered a definitive agreement to acquire Ascent LLC., a
privately held company headquartered in St. Louis, Missouri and a premier provider of
data center facility management services for a cash-free, debt-free
purchase price of $185 million.
Ascent, known for its specialized data center facility and
property management services, has $115
million in trailing twelve-month sales and a 30% three-year
sales compound annual growth rate. Ascent delivers solutions for
every aspect of mission critical data center operations and
infrastructure – from next generation AI data center design and
builds all the way through the operations and maintenance life
cycle. Their services include liquid cooling design and
implementation, facility-wide maintenance, critical systems
repairs, emergency services, and management of third-party
maintenance workflows. In addition, Ascent's proprietary Navigator
platform provides an integrated client dashboard designed to
support critical data center infrastructure and facilities.
"This services-based acquisition strengthens our leading data
center solutions portfolio for our customers," said John Engel, Chairman, President and CEO of
Wesco. "In addition to site
operations, Ascent's engineering expertise and professional
services further enhance our solutions that span the entire
lifecycle of the data center."
"With more than 330 employees in the
United States and Canada,
Ascent's strong team, innovative technology, and extensive customer
base make it an ideal pairing with Wesco Data Center Solutions.
This acquisition will allow us to further extend our end-to-end
service offerings — including advanced liquid cooling solutions —
in collaboration with our supplier and contractor partners to meet
the demands of the rapidly growing data center market," said
Bill Geary, Executive Vice President
and General Manager, Wesco Communications and Security
Solutions.
The acquisition is anticipated to close in the fourth quarter
following customary regulatory approval.
About Wesco
Wesco International (NYSE:
WCC) builds, connects, powers and protects the world. Headquartered
in Pittsburgh, Pennsylvania,
Wesco is a FORTUNE 500®
company with more than $22 billion in
annual sales and a leading provider of business-to-business
distribution, logistics services and supply chain solutions.
Wesco offers a best-in-class
product and services portfolio of Electrical and Electronic
Solutions, Communications and Security Solutions, and Utility and
Broadband Solutions. The Company employs approximately 20,000
people, partners with the industry's premier suppliers, and serves
thousands of customers around the world. With millions of products,
end-to-end supply chain services, and leading digital capabilities,
Wesco provides innovative
solutions to meet customer needs across commercial and industrial
businesses, contractors, government agencies, educational
institutions, telecommunications providers, and utilities.
Wesco operates nearly 800
branches, warehouses and sales offices in more than 50 countries,
providing a local presence for customers and a global network to
serve multi-location businesses and global corporations.
Media Contact:
Jennifer
Sniderman
Vice President, Corporate Communications
717-579-6603
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SOURCE Wesco International
