TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, has acquired EZ Form Cable. Audax acquired TPC Wire in May 2015 from Pfingsten Partners.
EZ Form Cable is a designer and manufacturer of miniature semi-rigid coaxial cable, formable and flexible cable assemblies, phase matched cable assemblies, coaxial delay lines and RF connectors. The company’s products are used in a range of applications in the defense, aerospace, communications, medical, and instrumentation sectors.
EZ Form Cable, led by CEO Frank Volpe, was founded in 1984 and is headquartered near New Haven in Hamden, CT (www.ezform.com).
TPC is a designer and provider of wire, cable, connectors, assemblies, and other accessories that are used in harsh, high cost-of-failure environments. The company’s products are used in a range of applications in the steel, automotive, industrial automation, utility, transportation, food & beverage, oil & gas, wood, pulp & paper and defense markets. The company, led by CEO Jeff Crane, was founded in 1979 and is headquartered near Cleveland in Macedonia, OH (www.tpcwire.com).
“We are very excited to have EZ Form join the TPC family. Our combined expertise will enhance our growth strategy, diversify our end markets and allow us to expand our innovative product and service solutions for our customers,” said Mr. Crane. “TPC continues to execute on its aggressive growth strategy. Our organic initiatives are driving sustained above market growth in parallel with an acceleration of our strategic M&A activity.”
Audax invests in middle market companies that have from $8 million to $50 million in EBITDA and enterprise values of $50 million to $400 million. Sectors of interest include business and consumer services; energy; healthcare; technology, media and telecom; and industrials including chemicals, infrastructure and building materials. Audax has offices in Boston, New York and San Francisco (www.audaxgroup.com).
© 2019 Private Equity Professional | June 11, 2019