Wesco International's acquisition of Ascent raises questions about data center management control
- Wesco International has completed the acquisition of Ascent, a company known for data center facility management.
- Ascent generated $115 million in sales with a significant growth rate over the past three years.
- The merger enhances Wesco's capabilities and service offerings in the data center market.
On December 6, 2024, in Pittsburgh, Pennsylvania, Wesco International announced the completion of its acquisition of Ascent, which is based in St. Louis, Missouri. Ascent is celebrated for its expertise in providing data center facility management services, boasting a substantial revenue of $115 million in trailing twelve-month sales as of June 30, with a remarkable sales compound annual growth rate exceeding 30% over the past three years. This acquisition aligns with Wesco’s strategy to enhance its data center solutions portfolio. The acquisition follows a prior announcement on October 31, indicating Wesco's intent to acquire Ascent. The addition of Ascent, which employs over 300 professionals across the U.S. and Canada, significantly improves Wesco's operational capabilities, including crucial services such as staffing, facility maintenance, critical systems repairs, 24x7 emergency services, and advanced liquid cooling solutions. Ascent’s proprietary Navigator platform enhances service delivery through an integrated client dashboard aimed at supporting critical infrastructure and facilities. John Engel, Chairman, President, and CEO of Wesco, expressed that this merger broadens the company’s offering in the data center sector. It enhances their overall capability to manage the entire lifecycle of a data center—from engineering and design-build consultation services to daily operational management. This strategic move is anticipated to create new opportunities for collaboration between Wesco and its contractor and supplier partners. The merger reflects the continued growth strategy of Wesco International, which reports annual sales of approximately $22 billion and is recognized as a FORTUNE 500® company. By expanding its service offerings through this acquisition, Wesco aims to boost efficiency and business results for its clients, thereby solidifying their position in the competitive landscape of data center management services.