TPC Wire & Cable Corp has acquired Milrail Inc, a Pointe-Claire, Québec-based specialty supplier of wire, cable, interconnect devices and grounding systems.
No financial terms were disclosed.
Established in 1990, Milrail serves the marine, military, rail and transit industries.
TPC, a Macedonia, Ohio-based supplier of wire, cable, connectors, assemblies and accessories used in harsh industrial environments, said the acquisition will strengthen its wire and cable offering.
TPC was acquired in 2015 by U.S. private equity firm Audax Group from Pfingsten Partners.
TPC Wire & Cable Corp. Acquires Canadian-Based Specialty Supplier Milrail, Inc.
Macedonia, Ohio – November 30, 2018 – TPC Wire & Cable Corp. (TPC) announced today that it has completed the acquisition of Milrail, Inc. located in Point-Claire, Quebec to strengthen its position as a high-performance supplier of wire and cable solutions. Milrail is a North American specialty supplier of wire, cable, interconnect devices and grounding systems to the Rail, Transit and Military markets.
In making the announcement, TPC President & CEO Jeff Crane explained, “We continue to execute our strategy of building on what is already one of North America’s leading wire and cable suppliers. TPC and Milrail share an approach of using high quality, innovative solutions to solve complex customer problems. We are excited and committed to expand Milrail’s product and service reach, delivering their great tradition of quality to even more customers throughout North America.”
Of the transaction, Milrail’s Vice President and Co-founder, Donald Laplante stated, “Milrail will conduct business with the same passion and pride that has become its trademark and we are excited to find new partners in TPC that share these values. The new team gives us the opportunity to further increase our presence in the US and Mexico as a leading supplier of electrical interconnect transit products to the Americas.” Milrail President and Co-founder, Allan Laplante adds, “After 28 years of serving the Rail, Transit and Military markets in Canada, we’ve seen a shift in our customer’s thinking: a desire to work with larger companies with an extended reach. Combining Milrail’s exceptional customer service and technical support with TPC’s broader commercial capabilities, allows our two companies to carry this torch into the future and throughout North America in the wire, cable and connectivity market.”
About TPC Wire & Cable Corp.
Founded in 1979, TPC is a leading supplier of high-performance wire, cable, connectors, assemblies, and accessories used in harsh industrial environments. TPC products are designed to withstand abuse from impact, abrasion, flexing, chemicals, and extreme temperatures. The company’s dependable products outlast ordinary cable in the most difficult applications to reduce downtime and overall cost. TPC serves a variety of industries including the steel, automotive, utility, transportation, food & beverage, oil & gas, and wood, pulp & paper markets. For more information, visit tpcwire.com.
About Milrail, Inc.
Milrail is a leading North American supplier of high performance wire, cable, interconnect devices, grounding systems, road/rail vehicles, tooling, and catenary products to the rail and mass transit markets. By bundling products with value added services, the company is able to offer its clients total turnkey solutions. Milrail offers wire products for signal, communication, wayside power, rapid transit, and locomotive. For more information, visit milrail.com.
Media Contact: Susan Biskopski, Marketing Manager
TPC Wire & Cable, Corp. • (216) 525-4425