M&A Deal Summary

WESCO Acquires Conney Safety Products

On June 18, 2012, WESCO acquired distribution company Conney Safety Products from CI Capital Partners

Acquisition Highlights
  • This is WESCO’s 14th transaction in the Distribution sector.
  • This is WESCO’s 13th transaction in the United States.
  • This is WESCO’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2012-06-18
Target Conney Safety Products
Sector Distribution
Buyer(s) WESCO
Sellers(s) CI Capital Partners
Deal Type Add-on Acquisition

Target

Conney Safety Products

Madison, Wisconsin, United States
Conney Safety Products, LLC is a distributor of MRO safety products headquartered in Madison, Wisconsin.

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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 15 of 28
Sector (Distribution) 14 of 22
Type (Add-on Acquisition) 15 of 25
State (Wisconsin) 2 of 2
Country (United States) 13 of 22
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Trydor Industries

Surrey, British Columbia, Canada

Trydor Industries (Canada) Ltd. is a full-line distributor of high-voltage electrical products and services addressing the transmission, substation and distribution network needs for utilities, independent power producers and utility contractors in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 EECOL Electric

Calgary, Alberta, Canada

EECOL Electric is a full-line distributors of electrical equipment, products, and services with 57 locations across Canada and 20 in South America, and more than 20,000 customers. EECOL has a strong warehouse-based business focused on serving industrial, oil, gas, mining, utility, and commercial and residential construction customers.

Buy CA$1.1B

Seller(S) 1

SELLER

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


DEAL STATS #
Overall 7 of 27
Sector (Distribution) 2 of 5
Type (Add-on Acquisition) 3 of 7
State (Wisconsin) 1 of 1
Country (United States) 5 of 24
Year (2012) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 Precision Concepts International

Mooresville, North Carolina, United States

Precision Concepts International is a specialty plastic packaging company providing a broad array of packaging solutions to the personal care and pharmaceutical markets. Precision Concepts International was founded in 2003 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-19 OnPoint Group

Perrysburg, Ohio, United States

OnPoint Group is a North American provider of management and maintenance services for doors, docks, material handling and warehouse accessories through its industry leading divisions: TFS, Miner, TrueSource, and Concentric. Based in Perrysburg, OH, OnPoint Group has more than 600 technicians in over 80 locations to consistently deliver efficiency, safety and productivity to customers responsible for maintaining multifacility operations.

Buy -