Data Center Boom Sparks Acquisitions, Surging Revenue for System, Service Providers

Wesco International announced plans to acquire data center facilities management service provider Ascent for $185 million, noting that the deal will enable it to provide engineering expertise and professional services spanning the entire lifecycle of data centers.  

Ascent delivers solutions for mission critical data center operations and infrastructure, from “next-generation AI data center design and builds all the way through the operations and maintenance lifecycle,” Wesco said in an Oct. 31 news release. Services include liquid cooling design and implementation, repairs of critical systems, emergency services and management of third-party maintenance workflows, per the release.

Ascent also provides an integrated client dashboard through its Navigator platform designed to support critical data center infrastructure and facilities, Wesco said. The data center company has $115 million in trailing 12-month sales and a three-year sales compound annual growth rate of 30%, according to the release. 

“This acquisition will allow us to further extend our end-to-end service offerings — including advanced liquid cooling solutions — in collaboration with our supplier and contractor partners to meet the demands of the rapidly growing data center market,” Bill Geary, executive vice president and general Manager of Wesco Communications and Security Solutions, said in a statement.

Related:Data Center News Roundup: Billion-Dollar Deals, New Construction Updates

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