TPC Wire & Cable Corp, which is backed by Audax Private Equity, has acquired Quebec-based Milrail Inc, a supplier of wire, cable and cable assemblies for OEM applications in the transit, military, rail and marine sectors. No financial terms were disclosed.
PRESS RELEASE
TPC Wire & Cable Corp., a portfolio company of Audax Private Equity, announces the acquisition of Milrail, Inc.
THE COMPANY
Milrail, Inc. (“Milrail”), located in Pointe-Claire, Quebec, is a specialty supplier of wire, cable and cable assemblies for OEM applications in the transit, military, rail and marine end-markets. Milrail works with customers to design and develop custom solutions that meet their electronic and electrical interconnect needs.
THE DEAL
TPC Wire & Cable Corp. (“TPC”), a portfolio company of Audax Private Equity (“Audax”), has acquired Milrail. The company is TPC’s third add-on under Audax ownership. The Milrail co-Presidents and prior-owners, Allan and Don Laplante, will remain with the business.
THE THESIS
Audax acquired TPC in May 2015 as a leading designer and specialty distributor of high performance, ruggedized wire, cable, connectors, and assembled products. The acquisition of Milrail will provide access to key growth areas for TPC in Canada and the transit / military end-markets.
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Please see www.audaxprivateequity.com/portfolio/investments for a full list of platform acquisitions.
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