The transaction is subject to certain conditions, including approval under the Canadian Competition Act. Closing is expected to occur in the fourth quarter 2012.
Founded in 1919, EECOL Electric is a full-line distributor of electrical equipment, products and services with about $0.9 billion in annual sales, 57 locations across Canada and 20 in South America, and more than 20,000 customers.
Mr. John J. Engel, Wesco’s chair, president and CEO, stated, “The addition of EECOL expands Wesco’s presence in Canada and broadens our international footprint, specifically our capabilities in South America”.
“We are very pleased to have reached this agreement with Wesco. We have known the Wesco management team and organization for years and are confident it will be a great home for our business and our team,” said Mr. Tom Crist, EECOL’s president and CEO.
“We have had great respect for EECOL for many years and are pleased to have EECOL become part of Wesco. Together we will expand our sales and service capabilities and capitalize on the strong supplier relationships of each company for MRO, OEM, and capital project-related opportunities,” said Stephen A. Van Oss, Wesco’s SVP and COO.
NO more RUMOURS - Wesco International acquiring EECOL Electric
Aztec Electrical Supply Open House & Tradeshow May 2016Thu May 05, 2016 @11:00am - 07:00pm
Ontario Power Summit 2016Tue May 10, 2016
AQME 30th Annual ConferenceWed May 11, 2016