PITTSBURGH, PA – WESCO Distribution Inc. is buying TVC Communications for US$246.5 million, subject to certain closing adjustments.
TVC, headquartered in Annville, Pennsylvania, is a distributor of broadband communications network infrastructure products serving the cable, telecommunications and satellite industries. With annualized sales of approximately $300 million, the company operates 20 locations serving markets in the United States, Canada, Latin America and Europe.
“Our strategy of providing industry leading supply chain solutions to our global customers is being executed as we continue to expand our business through above-market organic growth and accretive acquisitions”, said WESCO president and CEO, John J. Engel, in the announcement. “TVC strengthens WESCO’s data communications platform by providing a more comprehensive suite of products and services to existing and new customers, while expanding our geographic footprint into previously untapped international growth markets.”
Closing of the transaction is expected to occur prior to year-end, subject to regulatory approvals.
"We are excited to have the opportunity to be part of the WESCO organization, with its outstanding supply chain capabilities and broad product and service offerings”, said TVC president and COO, James Manari. “The combined resources of our companies, in addition to our industry knowledge, experience and excellent customer service, will provide a terrific value proposition to both our customers and our loyal supplier and manufacturing partners."
