WESCO International, Inc. (NYSE: WCC) announced today that, through a wholly owned subsidiary, it has completed the previously announced acquisition of EECOL Electric Corporation, headquartered in Calgary, Alberta, Canada. This acquisition is expected to be accretive to earnings by approximately $1.00 per diluted share in 2013.
Founded in 1919, EECOL Electric is one of Canada’s premier full-line distributors of electrical equipment, products, and services with approximately $0.9 billion in annual sales, 57 locations across Canada and 20 in South America, and more than 20,000 customers. EECOL has a strong warehouse-based business focused on serving industrial, oil, gas, mining, utility, and commercial and residential construction customers.
WESCO International, Inc. is a publicly traded Fortune 500 holding company headquartered in Pittsburgh, Pa. 2011 annual sales were approximately $6.1 billion. The company employs approximately 7,500 people, maintains relationships with more than 18,000 suppliers, and serves more than 65,000 active customers worldwide. WESCO operates eight fully automated distribution centers and approximately 400 full-service branches in North America and international markets.Tagged with tED