Add-on Acquisition • Electrical Equipment

WESCO Acquires Carlton-Bates Co.

On August 17, 2005, WESCO acquired electrical equipment company Carlton-Bates Co. from Stonehenge Partners

Acquisition Context
  • This is WESCO’s 1st transaction in the Electrical Equipment sector.
  • This is WESCO’s 3rd transaction in the United States.
  • This is WESCO’s 1st transaction in Arkansas.

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M&A Deal Summary

Date August 17, 2005
Target Carlton-Bates Co.
Sector Electrical Equipment
Buyer(s) WESCO
Sellers(s) Stonehenge Partners
Deal Type Add-on Acquisition

Target Company

Carlton-Bates Co.

Little Rock, Arkansas, United States
Carlton-Bates Co., Inc. is a distributor of automation controls and electronic and electromechanical products.
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Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 3 of 28
Sector: Electrical Equipment 1 of 2
Type: Add-on Acquisition 3 of 25
State: Arkansas 1 of 2
Country: United States 3 of 22
Year: 2005 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-02 Herning Enterprises

Santa Clara, California, United States

Herning Enterprises, Inc. is a distributor of an underground conduit system products for construction and utility markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Communications Supply

Carol Stream, Illinois, United States

Communications Supply Corporation is a value-added, nationwide distributor of cabling, connectivity and ancillary products needed for the construction and maintenance of advanced voice, data and video networks, security, fire, life safety and a multitude of other low voltage infrastructure applications.

Buy $525M

Seller Profile 1

SELLER

Stonehenge Partners

Columbus, Ohio, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.


Deal Context for Seller #
Overall 6 of 40
Sector: Electrical Equipment 1 of 1
Type: Add-on Acquisition 3 of 17
State: Arkansas 1 of 1
Country: United States 6 of 39
Year: 2005 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-28 LDMI Telecommunications

Southfield, Michigan, United States

LDMI Telecommunications, Inc. is an integrated communications provider serving small and mid-sized businesses in the Great Lakes region. Its services include local and long distance phone service, high speed sDSL Internet connectivity and enhanced products such as conference calling and voice mail.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 FCX Performance

Columbus, Ohio, United States

FCX Performance is a specialty process flow control distribution company, providing technical, mission critical products and value-added services to more than 15,000 end users, original equipment manufacturers and engineering and construction firms across the process, energy and high purity industries. FCX Performance was founded in 1999 and is based in Columbus, Ohio.

Buy -