TPC Wire & Cable Corp. (TPC), Macedonia, Ohio, a portfolio company of Audax Private Equity, announced yesterday that it has completed the acquisition of Cicoil LLC. Based in Valencia, California, Cicoil’s technology is widely used in mission critical applications within industries such as mil-aero, semiconductor and medical. This acquisition allows TPC to expand its market reach and strengthen its portfolio of specialized wire and cable solutions to sophisticated, high cost-of-failure environments.
In making the announcement, TPC President & CEO Jeff Crane explained, “We continue to execute our strategy of combining above market organic growth with acquisitions that diversify our product and service capabilities as well as the end markets we serve. We couldn’t be happier to welcome Cicoil and all of their associates to the TPC family. Howard and his strong team have built a great and growing business. Their deep technical expertise and commitment to R&D, combined with our commitment to solving customer problems will enable us to build on the success both companies have enjoyed. We are confident that this acquisition will better position both TPC and Cicoil to capture significant opportunities today and into the future.”
Of the transaction, Cicoil’s President and CEO, Howard Lind said, “Cicoil is very excited to become part of TPC Wire & Cable, as together we have significant capabilities that will allow us to expand our product and service offering and strengthen our market presence. We have been manufacturing mission-critical cables and cable assemblies since 1956, and the entire Cicoil team is committed to growing the company’s legacy with the TPC team.”
TPC Wire & Cable Corp.