IPO • Distribution

The Cypress Group Exits WESCO

On May 12, 1999, invested in distribution company WESCO from The Cypress Group

Investment Context
  • This is transaction in the Distribution sector.
  • This is transaction in the United States.
  • This is transaction in Pennsylvania.

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Investment Summary

Date May 12, 1999
Target WESCO
Sector Distribution
Sellers(s) The Cypress Group
Deal Type IPO

Target Company

WESCO

Pittsburgh, Pennsylvania, United States
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.
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Seller Profile 1

SELLER

The Cypress Group

New York, New York, United States

Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Cypress Group is a private equity firm that acquires businesses in a range of industries. Broad sectors of interest include consumer services, financial services, and manufacturing. The Cypress Group was formed in 1989 and is headquartered in New York, New York.


Deal Context for Seller #
Overall 2 of 12
Sector: Distribution 1 of 1
Type: IPO 2 of 5
State: Pennsylvania 1 of 1
Country: United States 1 of 10
Year: 1999 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-04-25 WESCO

Pittsburgh, Pennsylvania, United States

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.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-28 Invited

Irving, Texas, United States

Invited owns and operates golf, country, business, sports, and alumni clubs. Invited owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. Invited was founded in 1957 and is based in Irving, Texas.

Buy -