WESCO International is a holding company that traces its roots to Westinghouse Corporation. Its primary subsidiary is WESCO Distribution, a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies.
The company maintains relationships with 24,000 suppliers, and serves more than 100,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates five fully automated distribution centers and approximately 350 full-service branches in North America and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations.
The company has a general sales force distributed throughout 350 branches and made up of 2,100 employees.
In 2004, WESCO had sales of $3.7 billion and net income of $64.9 million.
In 1922, WESCO was formed by Westinghouse Electric Corporation for the purpose of selling and distributing Westinghouse-manufactured products. As part of the Westinghouse organization, WESCO prospered and grew to be a well-known and trusted source of electrical products throughout American industry. Over the years, the focus of Westinghouse's business changed and the corporation divested many of its electrical manufacturing divisions.
In 1994, WESCO's management team and private investment company Clayton, Dubilier & Rice (CD&R) purchased WESCO from Westinghouse.
In April 1998, the management of WESCO Distribution, with sponsorship from an investor group led by The Cypress Group, agreed to purchase WESCO from a fund managed by CD&R and other owners in a recapitalization valued at more than $1.1 billion. A new holding company, WESCO International, Inc., was formed in connection with the recapitalization transaction.
On May 12, 1999, WESCO International, Inc. made its initial public offering of common stock, trading on the New York Stock Exchange under the symbol "WCC."
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Updated December 10, 2005