Wesco (WCC) announced it has entered a definitive agreement to acquire Ascent, a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185M. Ascent, known for its specialized data center facility and property management services, has $115M in trailing twelve-month sales and a 30% three-year sales compound annual growth rate. The acquisition is anticipated to close in the fourth quarter following customary regulatory approval.
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