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Investment Summary

Palisades Associates Exits TVC Communications

On December 16, 2010, WESCO invested in distribution company TVC Communications from Palisades Associates for 247M USD

Investment Highlights
  • This is WESCO’s 9th transaction in the Distribution sector.
  • This is WESCO’s 4th largest (disclosed) transaction.
  • This is WESCO’s 10th transaction in the United States.
  • This is WESCO’s 1st transaction in Pennsylvania.

Investment Summary
Date 2010-12-16
Target TVC Communications
Sector Distribution
Investor(s) WESCO
Sellers(s) Palisades Associates
Deal Type Add-on Acquisition
Deal Value 247M USD

Target

TVC Communications

Annville, Pennsylvania, United States
TVC Communications LLC is a distributor of broadband communications network infrastructure products serving the cable, telecommunications and satellite industries.

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Investor(S) 1

Investor

WESCO

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1922
Sector Distribution
Employees20,000
Revenue 21.8B USD (2024)
DESCRIPTION
WESCO's corporate headquarters in downtown Pittsburgh, Pennsylvania.
WESCO's corporate headquarters in downtown Pittsburgh, Pennsylvania.

WESCO is a distributor of electrical, data communications, general maintenance, repair, and operating (MRO) and electrical OEM products. WESCO was founded in 1922 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 10 of 28
Sector: Distribution M&A 9 of 22
Type: Add-on Acquisition M&A Deals 10 of 25
State: Pennsylvania M&A 1 of 1
Country: United States M&A 10 of 22
Year: 2010 M&A 2 of 2
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-30 Potelcom Supply

Anchorage, Arkansas, United States

Potelcom Supply, Inc. is a distributor of MRO products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-15 RECO

Cincinnati, Ohio, United States

RECO LLC is a Siemens automation, controls and electrical distributor, with six branches located in the midwest and southeastern regions of the United States.

Buy -

Seller(S) 1

SELLER

Palisades Associates

Category Merchant Bank
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Palisades Associates is a private investment group and merchant bank focused on special situations. Palisades looks to acquire controlling stakes and pursues businesses generating $50 to $500 million in revenue. The Firm is sector agnostic and seeks 'friendly' situations. Palisades has offices in Bethesda, Maryland and Redwood City, California.

DEAL STATS #
Overall 2 of 2
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-10 Riviera Trading

New York, New York,

Riviera Trading, Inc. is an importer of sunglasses, hats, and accessories sold under licensed brand names such as Nine West, Ocean Pacific and Speedo.

Sell $30M
Mergr

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