Wesco International is set to acquire Ascent, a prominent data center facilities management service provider, for $185 million. This strategic move aims to enhance Wesco’s capabilities in providing comprehensive engineering expertise and professional services throughout the data center lifecycle.
Ascent specializes in critical data center operations and infrastructure solutions, offering services that range from cutting-edge AI data center design to ongoing operations and maintenance. Their offerings include liquid cooling design and implementation, repair services for critical systems, emergency responses, and management of third-party maintenance workflows.
Additionally, Ascent features an integrated client dashboard through its Navigator platform, designed to support critical infrastructure and facility requirements for data centers. The company has reported $115 million in sales over the past year and has achieved a compound annual growth rate of 30% over the last three years.
Bill Geary, executive VP and general manager of Wesco Communications and Security Solutions, highlighted that this acquisition will significantly expand their end-to-end service offerings. This includes advanced liquid cooling solutions, bolstering their collaboration with suppliers and contractors to meet the increasing demands of the evolving data center market.
This acquisition is part of a broader trend where service firms are strengthening their technical support capabilities in the rapidly growing data center market, increasing revenue and prompting further acquisitions in the industry.
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