ACQUISITIONS

12 Months Ended

Dec. 31, 2019

7. ACQUISITIONS

The following table sets forth the consideration paid for acquisitions:



	Year Ended December 31,
	2019
	(In thousands)
Fair value of assets acquired	$	35,671
Fair value of liabilities assumed	8,074
Cash paid for acquisitions	$	27,597

Sylvania Lighting Services Corp.

On March 5, 2019, WESCO Distribution, Inc. ("WESCO Distribution"), through its WESCO Services, LLC subsidiary, acquired certain assets and assumed certain liabilities of Sylvania Lighting Services Corp. ("SLS"). Headquartered in Wilmington, Massachusetts, SLS offers a full spectrum of energy-efficient lighting upgrade, retrofit, and renovation solutions with annual sales of approximately $100 million and approximately 220 employees across the U.S. and Canada. WESCO Distribution funded the purchase price paid at closing with borrowings under its accounts receivable securitization facility. The purchase price was allocated to the respective assets and liabilities based upon their estimated fair values as of the acquisition date, resulting in goodwill of $5.8 million, which is deductible for tax purposes.