M&A Deal Summary

WESCO Acquires Ascent

On October 31, 2024, WESCO acquired business services company Ascent for 185M USD

Acquisition Highlights
  • This is WESCO’s 1st transaction in the Business Services sector.
  • This is WESCO’s 6th largest (disclosed) transaction.
  • This is WESCO’s 22nd transaction in the United States.
  • This is WESCO’s 1st transaction in Missouri.

M&A Deal Summary
Date 2024-10-31
Target Ascent
Sector Business Services
Buyer(s) WESCO
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Ascent

St. Louis, Missouri, United States
Ascent is a provider of data center facility management services. 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. Ascent was founded in 1998 and is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

WESCO

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1922
Sector Distribution
Employees20,000
Revenue 22.4B USD (2023)
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 28 of 28
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 25 of 25
State (Missouri) 1 of 1
Country (United States) 22 of 22
Year (2024) 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 entroCIM

Port Huron, Michigan, United States

entroCIM provides data center and building intelligence software. Connect all building IoT devices and hardware (including third-party services) into one easy-to-use, secure Central Intelligence Manager. entroCIM was formed in 1993 and is headquartered in Port Huron, Michigan.

Buy $30M
Mergr

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