About Wesco
Wesco is a company based in Pittsburgh (United States) founded in 1922 was acquired by Cypress Group in April 1998. The company has 7,000 employees. Wesco has completed 18 acquisitions, including Anixter, Ascent Corp and Atlanta Elect Dist.
- Annual Revenue$22.39 B (USD)5as on Dec 31, 2023
- Net Profit$766.1 M (USD)-11as on Dec 31, 2023
- EBITDA$1.59 B (USD)-2as on Dec 31, 2023
- Latest Funding Round$345 M (USD), Post-IPO
Aug 01, 2009
- InvestorsCypress Group
& 1 more
- Employee Count7,000
- Investments & AcquisitionsAnixter
& 17 more
- Acquired by
Funding Insights of Wesco
- Total Rounds 1
- Last Round Post-IPO — $345.0M
- First Round $345.0M
(01 Aug 2009)
All 1 funding rounds of Wesco with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 01 Aug 2009 | $345.0M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Wesco
Wesco has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Cypress Group and CD&R.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | cypressgp.com | - | |
A private equity firm focused on building long-term business value. | – | cdr-inc.com | New York, United States |
Investor details for Wesco
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Wesco
548 people are tracked at Wesco (206 in leadership, 10 in board & advisors, 332 in team); the tracked headcount is 7,000.
| Name | Role | Group |
|---|---|---|
John Engel | CEO | Leadership |
Jennifer Massillo | Director, Financial Planning And Analysis & IT | Leadership |
Theodore A. Dosch | Executive Vice President, Strategy & Chief Transformation Officer | Leadership |
Fer Oliveira | VP & Gm, Emerging Technology Group | Ai-driven Cloud Sales | Leadership |
Christine A. Wolf | EVP & Chief Human Resources Officer | Leadership |
John J. Engel | Chairman, President & CEO | Leadership |
David S. Schulz | Senior Vice President, Chief Financial Officer | Leadership |
Larry Liebowitz | Director Of Finance | Leadership |
Dan Murphy | Regional Vice President Of Sales | Leadership |
Tom Peters | Director, Strategic Accounts | Leadership |
Brandon M. Sublette | Senior Director Of Operations | Leadership |
Ben Hopkins | Director Of Operations | Leadership |
Matt Kulasa | Senior Vice President, Corporate Controller & Chief Accounting Officer | Leadership |
Scott Crider | Director - Business Development | Leadership |
Ed Buckley | VP Strategic Accounts-verizon | Leadership |
Jordan Shen | Director Of Strategic Partnerships | Leadership |
Shreyas Bhat | Vice President Advanced Analytics | Leadership |
Tom Fischer | VP Finance (segment Cfo), Electrical And Electronic Solutions Strategic Business Unit | Leadership |
Jessica Ponzo | Director U.s. Indirect Tax And Tax Technology | Leadership |
Nic Neal | Finance Director For Uk, Europe And Middle East | Leadership |
528 more people are available in the full profile.
Complete people profiles for Wesco
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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IPO & Listings of Wesco
Wesco is a publicly listed company on the NYSE with ticker symbol WCC in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date21 May 1999
- Listed onNYSE: WCC
- Listed entityWESCO International, Inc.
- Exchange sectorDistribution services
Investments & Acquisitions by Wesco
Wesco has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Anixter, Ascent Corp and Atlanta Elect Dist.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Distributor of products and technology for electronic and industrial system design, maintenance, and repair | newark.com.sg | Singapore | 1992 | Jun 2026 | $136.0M | |
Designing, engineering, and construction services are provided by Ascent. | ascentcorp.com | St. Louis, United States | 1998 | Nov 2024 | $185.0M | |
Data center infrastructure is managed end-to-end by EntroCIM. | entrocim.com | Detroit, United States | 2015 | Jun 2024 | •••• | |
Cloud, datacenter modernization, security, and related services are provided. | rahi.io | Fremont, United States | 2012 | Sep 2022 | $217.0M | |
Electronic and electrical products are distributed B2B by Anixter. | anixter.com | Anaheim, United States | 1957 | Jan 2020 | $4.5B | |
Electrical supplies are distributed to contractors across Georgia markets. | aedga.com | Duluth, United States | 2008 | Mar 2016 | •••• | |
Classical music recordings from artists and labels are distributed worldwide. | needhamelectric.com | Canton, United States | 1958 | Nov 2015 | •••• | |
Texas-style barbecue and catering services are offered in New York. | hillcountry.com | New York, United States | 2007 | May 2015 | •••• | |
Scheduling software for Christian ministry meetings is developed. | hces.net | San Antonio, United States | 1998 | Apr 2015 | •••• | |
Electrical equipment is distributed worldwide to industrial and institutional customers. | eecol.com | Calgary, Canada | 1919 | Dec 2012 | •••• |
Complete acquisition details for Wesco
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Wesco
15 dated milestones of Wesco across 104 years, from founding to its latest funding, stage changes and deals.
- Founded Wesco is founded.
- Exit Acquired by Clayton Dubilier & Rice.
- Exit Acquired by Cypress Group.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $345.0M.
- Acquisition Acquires EECOL Electric.
- Acquisition Acquires Hill Country Electric Supply.
- Acquisition Acquires Hill Country.
- Acquisition Acquires Needham Electric Supply.
- Acquisition Acquires Atlanta Elect Dist.
- Acquisition Acquires Anixter.
- Acquisition Acquires Rahi.
- Acquisition Acquires EntroCIM.
- Acquisition Acquires Ascent Corp.
- Acquisition Acquires Newark Engineering.
Latest news on Wesco
Complete news archive for Wesco
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Wesco
10 companies that operate in the same segment as Wesco (Supply Chain Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
AI consulting, supply chain, and customer analytics services are provided. | 2013 | San Jose, California, United States | USD 205 M | USD 49.54 M | 1,840 | |
Global logistics service provider | 1969 | Bonn, North Rhine-westphalia, Germany | – | – | – | |
Packages and freight are delivered worldwide by UPS. | 1907 | Atlanta, Georgia, United States | – | USD 88.64 B | 490,000 | |
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 | |
Transportation and logistics services are managed across North America. | 1971 | Oak Brook, Illinois, United States | – | USD 3.95 B | 6,500 | |
Provider of integrated freight forwarding, logistics and supply chain management services | 1872 | Essen, North Rhine-westphalia, Germany | – | USD 510.02 M | 1,070 | |
Distribution management company | 1908 | Houston, Texas, United States | – | USD 2.02 B | 3,030 | |
Provider of procurement and supply chain management services | 2011 | Franklin, United States | – | – | – | |
Transportation and supply chain services are provided by Watco. | 1983 | Pittsburg, California, United States | USD 600 M | – | – |
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Frequently Asked Questions about Wesco
Wesco was founded in 1922 and raised its 1st funding round 87 years after it was founded.
Wesco is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
John Engel is the current CEO of Wesco.
Wesco has 7,000 employees.
Annual revenue of Wesco is $22.39B as on Dec 31, 2023.
WESCO was founded in 1922 in Pittsburgh, United States, as a distributor in the electrical products sector. Operations focus on B2B distribution of electrical supplies, supported by logistics and systems integration. Services include value engineering, sourcing, and on-site materials management for industrial and commercial projects, along with utility supply and maintenance for power plant operations. Annual revenues reached 21.42 billion in 2022, with net profit at 0.86 billion.
Yes, Wesco is publicly traded on NYSE under the ticker symbol WCC.
Wesco has made 18 acquisitions, including Anixter, Ascent Corp, and Atlanta Elect Dist.
Wesco has 2 investors. Key investors include Cypress Group, and CD&R.
Yes. Wesco was acquired by Cypress Group in April 1998.