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 as of December 31, 2022. Wesco has completed 17 acquisitions, including Anixter, Ascent Corp and Atlanta Elect Dist.
- Headquarter Pittsburgh, United States
- Employees 7000 as on 31 Dec, 2022
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$22.39 B5as on Dec 31, 2023
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Net Profit
$766.1 M-11as on Dec 31, 2023
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EBITDA
$1.59 B-2as on Dec 31, 2023
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Latest Funding Round
$345 M (USD), Post-IPO
Aug 01, 2009
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Investors
Cypress Group
& 1 more
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Employee Count
7000
as on Dec 31, 2022
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Investments & Acquisitions
Anixter
& 16 more
- Acquired by
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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.
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Sales and Marketing
116 people
Leadership Team
83 people
Software Development Team
54 people
Senior Team
51 people
Finance and Accounting
42 people
Operations Team
37 people
Human Resources and Administration
22 people
Global Team
21 people
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Funding Insights of Wesco
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $345.0M
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First Round
First Round
(01 Aug 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2009 | Amount | Post-IPO - Wesco | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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A private equity firm focused on building long-term business value.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wesco
Wesco has strategically engaged in corporate development activities, having acquired 17 companies. Notable acquisitions include Anixter, Ascent Corp and Atlanta Elect Dist. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Data center infrastructure is managed end-to-end by EntroCIM.
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2015 | ||||
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Cloud, datacenter modernization, security, and related services are provided.
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2012 | ||||
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Electrical supplies are distributed to contractors across Georgia markets.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wesco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wesco Comparisons
Competitors of Wesco
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wesco
Frequently Asked Questions about Wesco
When was Wesco founded?
Wesco was founded in 1922 and raised its 1st funding round 87 years after it was founded.
Where is Wesco located?
Wesco is headquartered in Pittsburgh, United States. It is registered at Pittsburgh, Pennsylvania, United States.
Who is the current CEO of Wesco?
John Engel is the current CEO of Wesco.
How many employees does Wesco have?
As of Dec 31, 2022, the latest employee count at Wesco is 7,000.
What is the annual revenue of Wesco?
Annual revenue of Wesco is $22.39B as on Dec 31, 2023.
What does Wesco do?
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.
Is Wesco publicly traded?
Yes, Wesco is publicly traded on NYSE under the ticker symbol WCC.
How many acquisitions has Wesco made?
Wesco has made 17 acquisitions, including Anixter, Ascent Corp, and Atlanta Elect Dist.
Who are Wesco's investors?
Wesco has 2 investors. Key investors include Cypress Group, and CD&R.
What is Wesco's ticker symbol?
The ticker symbol of Wesco is WCC on NYSE.
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