Audax Group, Boston, acquired TPC Wire & Cable Corp. from Chicago-based private equity group Pfingsten Partners.
Headquartered in Macedonia, Ohio, TPC Wire & Cable is produces high-performance, high-quality wire, cable and connectors used in harsh industrial applications in the food and beverage industry.
“TPC is a leading provider of branded wire, cable and connectors for harsh applications with an unparalleled reputation for providing innovative products and exceptional service to their customers,” says Geoffrey Rehnert, co-CEO of Audax Group.“We look forward to partnering with Steve Michalski and the rest of the TPC team to continue growing the business organically and through strategic add-on acquisitions.”
“We are excited to have Audax as our new partner,” says Michalski, chief executive officer of TPC Wire & Cable. “Their track record of helping teams execute aggressive add-on acquisition strategies will supplement our growth initiatives and further enhance our ability to offer our customers premium products and service levels."