PITTSBURGH — WESCO International, Inc. announced that WESCO Distribution, Inc. has entered into a definitive agreement to acquire Atlanta Electrical Distributors (AED). Closing is expected to occur in March 2016.
Headquartered in Atlanta, Ga., AED generates approximately $85 million in annual revenues from five locations in Georgia. AED is an electrical distributor focused on the construction and MRO markets.
Mr. John J. Engel, WESCO’s Chairman, President, and Chief Executive Officer, said: “The addition of AED to our portfolio supports our One WESCO growth strategy and expands our presence in this growing Southeastern end market. This acquisition is expected to be accretive to earnings by approximately $0.03 per diluted share in the first year of operation.”
Mr. Kevin Kester, AED’s President, commented, “We are pleased to become part of the WESCO team. We look forward to bringing a more comprehensive offering of electrical solutions to the industrial, commercial and contractor customers in the Atlanta Metro area.”
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