Dallas-based private equity firm Crossplane Capital has acquired Distributor Wire and Cable (DWC).
Terms of the transaction were not disclosed.
Denver-CO based DWC is a master distributor of wire and cable products. Established in 2008, the company operates from its five warehouse locations nationwide to supply end users across the industrial, commercial, residential and utility markets.
“DWC’s talented management team, combined with its value proposition to both suppliers and customers, has it well positioned to take advantage of a substantial and growing market for electrical wire and cable as the demand for power transmission and the consumption of electricity co
ntinue to increase throughout the U.S.,” Crossplane Capital Parter Mike Sullivan said in a Dec. 10 news release.
Founded in 2018, Crossplane Capital invests controlling equity in manufacturing, industrial services and value-added distribution businesses.
“Since founding DWC, we have focused on building a culture of growth and collaboration, and the partnership with Crossplane will help us continue that legacy as we take the company into its next chapter and to the next level,” DWC Founder Bryce Huett added.
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