Power-Utility Products Co, a portfolio company of WJ Partners, has acquired Miroc, a provider of telecom components and accessories for telecommunications infrastructure. No financial terms were disclosed.
PRESS RELEASE
CHARLOTTE, North Carolina – (May 3, 2022) – WJ Partners supported its portfolio company Power-Utility Products Co. (PUPCO) with its acquisition of MIROC, a provider of telecom components and accessories utilized in telecommunications infrastructure. Terms were not disclosed.
The deal allows Charlotte-based PUPCO, a master distributor of and supply chain partner for strut channel, cable tray, fittings and associated products used in electrical and mechanical infrastructure, to expand its offerings into the complementary telecom components category. Based in Albuquerque, New Mexico, MIROC’s acquisition is also geographically strategic, providing a presence in the western United States and complementing PUPCO’s well-established coverage in the eastern United States.
“We’ve been looking for a partner to expand our reach both geographically and into other verticals within the telecommunications components distribution category, and MIROC is a perfect fit,” said Cameron Todd, CEO of PUPCO. “We share some common clients as well as a business philosophy to be a supply chain partner for our customers so they can focus on their core business by providing them with industry-leading product availability and ship times, coupled with unparalleled expertise and customer service.”
The two companies will continue to operate under their current brands. MIROC’s team will remain in place, with Brad Leigh continuing as MIROC’s general manager while also helping drive business opportunities across the brands.
Financing for the acquisition was provided by Fifth Third Bank, and McGuire Woods provided legal services to WJ Partners and PUPCO.
ABOUT PUPCO
Founded in 1973 and based in Charlotte, North Carolina, Power-Utility Products Co. (PUPCO) is a master distributor of strut channel, cable tray, fittings, and associated components used in electrical infrastructure. PUPCO serves as a supply chain partner to its customers by providing industry leading product availability and unparalleled lead times. With locations in Charlotte and North Jackson, Ohio, PUPCO serves a national customer base including power plants, data centers, solar farms, healthcare facilities, and industrial construction. PUPCO prides itself in consulting with customers to provide just-in-time, comprehensive product solution sets. Learn more at www.pupco.com.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: subscriptions@peimedia.com.