Kinderhook Industries has recapitalized Cameron Wire & Cable alongside management. Headquartered in Little Rock, Arkansas, Cameron W&C is a leading value-added distributor of commercial and industrial wire, cable, and related accessories. Regions Bank provided financing on the transaction.
New York, NY – Kinderhook Industries, LLC (“Kinderhook”) announced today the recapitalization of Cameron Wire & Cable, Inc. (“Cameron W&C” or the “Company”) in conjunction with management. Financial terms of the transaction were not disclosed. Cameron W&C Founder and President, Robert Cameron, will continue his active involvement in the Company and join the Company’s Board of Directors.
Founded in 2010 and headquartered in Little Rock, AR, Cameron W&C is a leading value-added distributor of commercial and industrial wire, cable, and related accessories. The Company has a comprehensive offering of Cameron branded copper, aluminum and specialty wire & cable products sold to the renewable energy, building wire, industrial and utility end markets. Cameron W&C’s bespoke, value-added services include paralleling, cutting, kitting, harness assembly, and development of custom engineered products for unique applications. In addition to its Little Rock headquarters, Cameron W&C serves its customers out of a strategic footprint of distribution centers spanning the continental U.S.
As part of the transaction, Kinderhook will be adding several of its Operating Partners to Cameron W&C’s Management and Board of Directors, including Ed Flynn, former CEO of International Wire Group, and Craig York, CEO of Kinderhook portfolio company, Copperweld. With over 40 years of collective experience in the wire and cable industry, Messrs. Flynn and York will provide operational and strategic expertise in support of Kinderhook and Management.
Robert Cameron, Founder and President of Cameron W&C, said, “Partnering with Kinderhook will allow us to accelerate our growth plan in Cameron’s core and adjacent industry verticals. In particular, I’m very excited to pursue complementary add-on acquisitions that will help continue to grow our franchise and value-added capabilities.”
“Robert Cameron has successfully led the Company to a position of industry leadership in just over a decade, and we look forward to working with him on expanding the Company’s products, services and end markets.” said Paul Cifelli, Managing Director at Kinderhook. “Cameron W&C is a valuable addition to Kinderhook’s rapidly growing wire & cable franchise, and we are excited to help facilitate the acceleration of the Company’s already impressive growth.”
“Kinderhook is excited to partner with Robert Cameron and his leadership team as they continue the expansion of Cameron’s value-add distribution model in the renewable energy, building wire and other new end markets.” said Nate Druckenmiller, Vice President at Kinderhook.
Kirkland & Ellis LLP served as legal counsel to Kinderhook. Financing for the transaction was provided by Regions Bank.