Harris Williams & Co. has advised Windy City Wire Cable & Technology Products on a management buyout led by Rich Galgano, co-founder and chief executive officer. Windy City Cable is a portfolio company of Seidler Equity Partners. Windy City Cable is a manufacturer and distributor of low-voltage wire and cable.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces that Windy City Wire Cable & Technology Products, LLC (WCW), the leading manufacturer and distributor of premium quality, low-voltage wire and cable, has completed a management buyout led by Rich Galgano, co-founder and CEO. Harris Williams & Co. acted as the exclusive advisor to WCW, a portfolio company of Seidler Equity Partners. The transaction was led by Bob Baltimore and Dave Kennedy from Harris Williams & Co.’s Specialty Distribution Group along with Patrick McNulty and Karl Kirkeby from the firm’s Industrials Group.
“WCW CEO Rich Galgano and his senior leadership team have done a remarkable job creating an industry-leading platform in the low-voltage wire and cable industry,” said Bob Baltimore, a managing director in Harris Williams & Co.’s Specialty Distribution Group. “The company has exhibited an impressive track record of growth, and we wish Rich and the team continued success.”
“Our firm has enjoyed an extraordinarily productive 8-year partnership with Rich and his management team. We believe WCW is well positioned to continue its pattern of expansion and innovation,” said Bob Seidler, managing director of Seidler Equity Partners.
Founded in 1994 and headquartered in Bolingbrook, IL, WCW is the leading manufacturer and distributor of premium quality, low-voltage wire and cable for security, access control, fire life-safety, building automation, audio-video and related applications. With a diverse customer base, the company serves thousands of the country’s leading low-voltage wire and cable integrators. WCW has exhibited an impressive track record of growth, and the management team expects to prolong this historical trend with the continued execution of organic initiatives, such as patent-protected product differentiation, industry leading customer service, vertical integration and consistent order execution, as well as selectively targeted acquisition opportunities.
Headquartered in Marina del Rey, CA, Seidler Equity Partners is a private investment firm with more than $1 billion in capital under management. The firm has a 20-year history investing in founder-operated and family-owned businesses.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Specialty Distribution Group has experience across a variety of sectors, including specialty catalog and direct marketing; branch-based distributors; automotive and heavy duty aftermarket; building and construction products; consumer; industrial, MRO, and safety; healthcare; technology; electrical and communications; alcohol, tobacco, and fire arms; and environmental services. For more information on Harris Williams & Co.’s Specialty Distribution Group, visit the Specialty Distribution Group website.
Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including test and measurement; advanced manufacturing; capital goods; chemicals; industrial and environmental services; flow control; metals; natural resources and mining; paper, plastics and packaging; and power connectivity and control. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.