VRA Partners, LLC is pleased to announce that Southwire Company, LLC (“Southwire”) has acquired American Elite Molding, LLC (“AEM”), a manufacturer of nylon cable ties. The transaction closed on November 16, 2020. VRA Partners acted as the exclusive financial advisor to Southwire on the transaction. Terms of the transaction were not disclosed.
A leader in technology and innovation, Southwire is one of North America’s largest wire and cable producers and an emerging influence in the industrial electrical space. Southwire and its subsidiaries manufacture building wire and cable, metal-clad cable, portable and electronic cord products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment and hand tools.
AEM is an industry leader in the manufacturing of nylon cable ties. Headquartered in Crestview, FL, AEM has been serving the construction, industrial, retail and OEM markets for more than 20 years. Southwire will welcome 142 employees from AEM and will integrate its 75,000 square foot manufacturing and distribution facility into Southwire’s footprint. AEM’s existing product line will also be combined with Southwire’s rapidly expanding Components Solutions platform – adding popular products such as EZ-Off™ ties, releasable ties and HVAC duct straps to Southwire’s selection.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to leading middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 600 transactions across a broad range of industry sectors, including consumer and retail, business services, healthcare services and technology, industrial products and services, and technology and communications. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.