WESCO International

Last updated
Wesco International, Inc.
FormerlyWestinghouse Electrical Supply Company
Company type Public company
IndustryMaintenance, repair, and operations
Founded1922;103 years ago (1922)
Headquarters Pittsburgh, Pennsylvania, U.S.
Area served
Worldwide
Key people
John Engel
(Chairman and CEO)
Productselectronic instruments & controls
Revenue
  • Increase2.svg US$8.177 billion (2018)
  • Increase2.svg US$7.679 billion (2017)
  • Increase2.svg US$353 million (2018)
  • Decrease2.svg US$319 million (2017)
  • Increase2.svg US$225 million (2018)
  • Increase2.svg US$163 million (2017)
Total assets
  • Decrease2.svg US$4.605 billion (2018)
  • Increase2.svg US$4.736 billion (2017)
Total equity
  • Increase2.svg US$2.130 billion (2018)
  • Increase2.svg US$2.116 billion (2017)
Number of employees
20,000 [1]  (2022)
Website wesco.com
Footnotes /references
  • Financials [2] :35,37,63–6
  • Employees [2] :2
Wesco office in Canada WescoDistributionCanada.jpg
Wesco office in Canada

Wesco International, Inc. is a publicly traded American holding company for Wesco Distribution, an electrical distribution and services company based in Pittsburgh, Pennsylvania. [3]

Contents

Wesco International, Inc. provides electrical, industrial, communications, maintenance, repair, and operating (MRO), original equipment manufacturer (OEM) products, construction materials, and shipping. In 2023, its total revenue was approximately $22 billion. The company employs approximately 20,000 employees and 30,000 suppliers to serve more than 150,000 active customers worldwide. [4] Wesco customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. Wesco operates ten fully automated distribution centers and 500 branches in North American and international markets. [5]

History

Wesco Distribution was formed in 1922 as a subsidiary of the Westinghouse Electric Corporation, a company also based in Pittsburgh. It served as the Westinghouse subsidiary charged with selling and distributing company components in the electrical and industrial industries. Wesco maintained close ties to its parent.

In 1994, the private equity firm Clayton, Dubilier & Rice (CD&R) purchased Westinghouse Electrical Supply Company and created Wesco Distribution Inc. [4]

In June 1998, CD&R sold Wesco to The Cypress Group for USD 1.1 billion, which formed WESCO International Inc., the current owner of Wesco Distribution. [6]

In the same year, Wesco acquired the Bruckner Supply Company Inc., a provider of integrated supply management solutions[ buzzword ] and MRO products to Fortune 500 customers. [4]

On May 12, 1999, Wesco held its initial public offering on the New York Stock Exchange [7]

In 2008, the company was recognized for "environmentally sustainable business practices" through an Environmental Stewardship Award from Veolia ES Technical Solutions. [8]

Acquisitions

In 2005, Wesco acquired the Carlton-Bates Company, a provider of original equipment products and supply solutions[ buzzword ] to industrial customers. [4] In the same year, Forbes magazine named Wesco as one of their 400 Best Big Companies, an honor which was received again in 2006, 2007, and 2009. [4]

In 2006, Wesco acquired the Communication Supply Corporation, a national distributor of data communications products for enterprise and data center customers. [9]

In November 2010 the company acquired TVC Communications. [10] [11]

In 2010, Wesco acquired Calgary, Alberta based Brews Supply Ltd. [12]

In 2012, Wesco acquired EECOL Electric Corp. [13]

In June 2012, the company acquired Conney Safety Products, LLC. [14]

In 2014, Wesco acquired Hazmasters Inc. [15]

In 2015, Wesco acquired Hill Country Electric Supply, [16] Aelux, [17] and Needham Electric Supply. [18]

In 2016, Wesco acquired Atlanta Electrical Distributors, LLC. [19]

In 2019, Wesco acquired OSRAM's Sylvania Lighting Solutions (SLS), now known as Wesco Energy Solutions. [20] [21]

On January 13, 2020, Wesco agreed to acquire Anixter. [22] In November 2021, Wesco changed its logo as part of the post-merger integration with Anixter. [23]

On September 7, 2022, Wesco agreed to acquire Rahi Systems. [24]

Executive officers

Board of directors

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References

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  2. 1 2 "WESCO International, Inc". EDGAR . Form 10-K. U.S. Securities and Exchange Commission. February 21, 2014. Commission file number 001-14989. Archived from the original on April 17, 2016.
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  6. "Buyout Firm Joins WESCO Managers in Takeover". The New York Times . April 25, 1998. Archived from the original on March 26, 2014.
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  8. "Homepage". Veolia.
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  12. "Wesco International Acquires Brews Supply". Industrial Distribution. 2011-10-05. Retrieved 2024-08-15.
  13. "WESCO International Completes $1.14B Acquisition of EECOL Electric". www.lexpert.ca. Retrieved 2024-08-15.
  14. "WESCO acquires Conney Safety Products – tEDmag". tedmag.com. Retrieved 2024-08-15.
  15. "WESCO International, Inc. Acquires Hazmasters, Inc". www.canadianelectricalwholesaler.ca.
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  17. "Ælux Visual - design and branding solutions". Ælux.
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  19. "WESCO To Acquire Atlanta Electrical Distributors". Industrial Distribution. 2016-03-02. Retrieved 2024-08-15.
  20. "WESCO subsidiary buys Sylvania Lighting Solutions". M&A News & Trends - Smart Business Dealmakers. 2019-03-05. Retrieved 2024-08-15.
  21. "WESCO International Acquires OSRAM's Sylvania Lighting Solutions". Industrial Distribution. 2019-01-16. Retrieved 2025-01-17.
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