PITTSBURGH — WESCO International, Inc. (NYSE: WCC) announced today that WESCO Distribution, Inc. has entered into a definitive agreement to acquire Hill Country Electric Supply. Closing is expected to occur in May 2015.
Headquartered in Austin, Texas, Hill Country generates approximately $140 million in annual revenues from nine locations in Central and South Texas, primarily in the Austin and San Antonio regions. Hill Country is an electrical distributor focused on the commercial construction market.
Mr. John J. Engel, WESCO’s Chairman, President, and Chief Executive Officer, said “Hill Country is a well-established electrical distributor with strong brand recognition in the Texas construction market and a solid organic growth history. This acquisition is expected to be accretive to earnings by approximately $0.05 per diluted share in the first year of operation.”
Mr. Scott Schieffer, Hill Country’s President, commented, “We are excited to begin this new chapter in Hill Country’s history with WESCO. We share WESCO’s strong focus on customer service and together we expect to deliver even more value for our customers.”
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