#United States #Pittsburgh #Data Center #Wesco International #Ascent

Wesco International Completes Acquisition of Ascent

Wesco International (NYSE: WCC) recently announced the conclusion of its acquisition of Ascent, a premier provider of data center facility management services, based in St. Louis, Missouri. This strategic move, first revealed to the public on October 31, is set to significantly bolster Wesco’s capabilities in the data center solutions marketplace.

Ascent specializes in offering exceptional data center facility and property management services, demonstrating remarkable growth with trailing twelve-month sales reaching $115 million. This achievement is complemented by an impressive compound annual growth rate (CAGR) of over 30% in sales over the past three years. With a dedicated workforce of more than 300 employees across the U.S. and Canada, Ascent supplies a comprehensive array of services including staffing, facility maintenance, critical systems repairs, and 24x7 emergency services. Additionally, they manage third-party maintenance workflows and provide advanced liquid cooling solutions — crucial assets for modern data center operations.

A standout feature of Ascent's offerings is their proprietary Navigator platform. This platform integrates client services into a user-friendly dashboard, designed to streamline the management of critical infrastructure and facilities, thus enhancing operational efficiency for clients.

John Engel, Chairman, President, and CEO of Wesco, stated, "Wesco continues to expand our leading data center solutions offering. With Ascent's expertise in engineering, design-build consultations, and daily site operations, we are extending our suite of capabilities within the data center lifecycle."

The acquisition is expected to not only enhance Wesco’s technical capabilities but also to expand its end-to-end service offerings in the data center sector. Bill Geary, Executive Vice President and General Manager of Wesco’s Communications and Security Solutions, expressed excitement about integrating Ascent’s skilled team into Wesco’s network. He remarked, "We are delighted to welcome Ascent’s talented team to Wesco. Their expertise enriches our portfolio, providing advanced solutions like liquid cooling, and we look forward to delivering greater efficiency and results for our customers through collaboration with contractors and suppliers."

About Wesco International

Wesco International is a Fortune 500 company headquartered in Pittsburgh, Pennsylvania, reporting annual sales of approximately $22 billion. The company is a leading provider of distribution, logistics services, and supply chain solutions in the business-to-business sector. Wesco serves a diverse clientele that spans commercial and industrial sectors, government agencies, educational institutions, telecommunications providers, and utility companies. Their extensive product and service portfolio includes Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The company employs around 20,000 people and operates nearly 800 branches, warehouses, and sales offices in over 50 countries. Their global operational network enables Wesco to offer innovative solutions tailored to meet a variety of customer needs.

Ascent’s integration into Wesco marks a significant step towards enhancing the latter’s offerings in the rapidly evolving data center industry, aiming to meet the increasing demands for advanced facility management and operational efficiency as businesses continue to accelerate digital transformation.