WESCO, a provider of electrical and industrial MRO products, construction materials, and advanced integrated supply procurement outsourcing services, has acquired the business of Potelcom Supply, Inc. headquartered in Anchorage, Alaska. Potelcom is a single branch operation with annual sales of approximately $25 million that supports the utility, industrial and government markets in Alaska.
In making the announcement, Stephen A. Van Oss, Senior Vice President and Chief Operating Officer of WESCO said: "This acquisition strengthens and expands our utility, industrial and government market positions in Alaska, as well as broadens our supplier lines. Combining Potelcom's cabling expertise, with WESCO's industrial MRO and construction expertise, and data communication product offerings provides a complete solution for our customers in Alaska.
The Potelcom organization is well regarded in the Alaskan marketplace and we are pleased to welcome them as part of WESCO. The acquisition should be immediately accretive to earnings."
Gary Erber, Potelcom's President added, according to a WESCO press release added: "Our association with WESCO provides growth opportunities for our employees and additional resources and programs for our customers. We are pleased to become a member of the WESCO organization and to continue to serve our base of customers in Alaska under the Potelcom banner."