Canadian Electrical Wholesaler

Jan 17, 2019

WescoWESCO Services, LLC, a unit of WESCO International, Inc., has entered into an agreement to acquire the Canadian and U.S. operations of Sylvania Lighting Solutions for US$114 million. The transaction is expected to close in March 2019.

Sylvania Lighting Solutions (SLS) offers a full range of energy-efficient lighting upgrade, retrofit, and renovation solutions, has annual sales of more than US$100 million, and employs approximately 220 employees in Canada and the U.S. SLS CEO Todd Myers will continue to lead the organization.

“We are strengthening our lighting solutions and services with the acquisition of SLS,” says John J. Engel, WESCO Chairman, President, and CEO. “SLS’s customer base, geographic footprint, and extensive project management capabilities complement our existing turn-key lighting renovation and retrofit offerings. We are very pleased to welcome the SLS team to WESCO and look forward to accelerating our results in the lighting marketplace.”

“Our team is very pleased to join WESCO which has built an extensive array of lighting services for the new construction, renovation, and retrofit markets over the past several years,” says Myers. “We look forward to leveraging our combined expertise to deliver greater value and a more comprehensive offering of lighting solutions to our customers.”

Osram Sylvania is selling SLS as part of a strategy to focus on intelligent technologies in the field of visible and invisible light for the market fields of visualization, sensor technology and treatment.

National Investment in Building ConstructionTotal investment in building construction increased 2.2% in May to $15.2 billion. Gains in the residential sector (+2.8% to $10.4 billion) led the increase, while the non-residential sector edged up 0.9% to $4.8 billion. On a constant dollar basis (2012=100), investment in building construction rose 1.8% to $12.7 billion.

Gap in investment between multi-unit and single-unit dwellings continues to grow

Investment in multi-unit dwellings rose 7.6% in May to $5.5 billion, while investment in single-unit dwellings declined 2.2% to $4.9 billion.

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AztecAztec Electrical Supply is one of the most dynamic, fastest growing electrical and automation distributors in Canada. The supplier has four Ontario locations, in Concord, Cambridge, Burlington and Mississauga.

They specialize in supplying quality automation and electrical products to electrical contractors, manufacturing plants, OEMs and custom machine builders. Their comprehensive inventory includes electrical and pneumatic products for breakdowns and emergencies, as well as everyday contractor and MRO requirements. They also work closely with their partners to source specialty products that may be required for major projects.

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House of ElectricalHouse of Electrical Supplies is a distribution company that specializes in ‘service’. They go beyond what a standard supplier provides, not just with knowledgeable employees, but with a compliment of support services.

From small construction to sophisticated industrial projects, House of Electrical stocks electrical supplies for a wide range of applications. For over 30 years, they have been servicing clients in the industrial, OEM, entertainment and construction markets across the greater metropolitan Toronto area. Their product solutions range from electrical, automation, safety, lighting and portable power distribution.

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