PITTSBURGH, April 27, 2015 /PRNewswire/ -- WESCO
International, Inc. (NYSE: WCC), a leading provider of electrical,
industrial, and communications MRO and OEM products, construction
materials, and advanced supply chain management and logistics
services, 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."
About WESCO
WESCO International, Inc. (NYSE:
WCC), a publicly traded Fortune 500 holding company headquartered
in Pittsburgh, Pennsylvania, is a
leading provider of electrical, industrial, and communications
maintenance, repair and operating ("MRO") and original equipment
manufacturers ("OEM") product, construction materials, and advanced
supply chain management and logistic services. 2014 annual sales
were approximately $7.9 billion. The
Company employs approximately 9,400 people, maintains relationships
with over 25,000 suppliers, and serves over 75,000 active customers
worldwide. Customers include commercial and industrial businesses,
contractors, government agencies, institutions, telecommunications
providers and utilities. WESCO operates nine fully automated
distribution centers and approximately 485 full-service branches in
North America and international
markets, providing a local presence for customers and a global
network to serve multi-location businesses and multi-national
corporations.
The matters discussed herein may contain forward-looking
statements that are subject to certain risks and uncertainties that
could cause actual results to differ materially from expectations.
Certain of these risks are set forth in the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2014, as well as the Company's other
reports filed with the Securities and Exchange Commission.
http://www.wesco.com
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SOURCE WESCO International, Inc.