Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
Latest In WESCO International
WESCO International announced the upcoming retirement of Ted Dosch, executive vice president, strategy and chief transformation officer.
The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.
WESCO International Inc. reported 2021 fourth-quarter sales of $4.9 billion, a 17.5% increase over the same quarter in 2020.
The global supply chain solutions and distribution company has joined the product classification standards organization, ETIM said.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
WESCO International Inc. is one of the World’s Best Employers and one of America’s Best Employers for Women, magazine says.
WESCO International Inc. had 2021 third-quarter sales of $4.7 billion, a 14.2% increase over the same span a year ago.
WESCO also announced that Lynn M. Utter has decided to retire from the board of directors after more than 15 years of service.
With Anixter in the fold, WESCO International is looking to cash in on the Federal Communication Commission’s $20 billion Rural Digital Opportunity Fund.
The company again benefited from its $4.5 billion acquisition of Anixter International Inc. in 2020, with revenue spiking 120.2%.
Ever since completing the $4.5 billion acquisition of Anixter International Inc. almost a year ago, WESCO has benefited from favorable comps, which was again the case in 1Q.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
This latest transaction is part of WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
For the fourth quarter, sales were also up big — 97% — thanks to its market-shifting acquisition last year.
The transaction partially fulfills WESCO’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with Canadian law.
Electrical distribution giant WESCO named Akash Khurana as its executive vice president and chief information and digital officer.
In its second earnings report since completing the $4.5 billion acquisition of Anixter International Inc. but first to include the new addition's full financials, WESCO recorded a 93% sales jump and a $66.2 million profit.
It is not business as usual in distribution, as reflected by the most-read blogs on MDM.com this month.
It’s a new era at WESCO International, which rode the acquisition of Anixter International to a 2Q revenue and EPS beat in its first earnings report since the epic deal closed in June. But pitfalls remain as a massive integration looms for the two distribution giants.
