TPC Wire & Cable Corp, which is backed by Audax Private Equity, has made two acquisitions: Valencia, California-based Cicoil, a maker of flat and round cables for aerospace and commercial applications; and Pittsburgh Wire & Cable, a distributor of wire and cable to rugged applications. No financial terms were disclosed.
Cicoil is a light manufacturer of customized, high performance flat and round cables for aerospace and commercial applications. The company is headquartered in Valencia, California.
Pittsburgh Wire & Cable is a distributor of wire and cable to rugged applications. The company is headquartered in Pittsburgh, Pennsylvania.
TPC Wire & Cable Corp. (“TPC”), a portfolio company of Audax Private Equity (“Audax”), has completed the acquisitions of Cicoil and Pittsburgh Wire & Cable, representing the company’s fifth and sixth acquisitions since Audax’ investment.
In May 2015, Audax partnered with TPC Wire & Cable Corp., a value-added provider of custom cable and connectivity solutions to rugged, high cost of failure applications. In addition to continuing to grow organically, TPC will look to expand through acquisitions in existing and new markets. Audax will work with the TPC management team to build on TPC’s position and accelerate growth while continuing the company’s focus on quality and value-added product offering. To support this strategy, the Company is seeking add-on acquisition opportunities of all sizes with a focus on problem-solving custom cable and connectivity providers.