VRA Partners, LLC is pleased to announce that Southwire Company, LLC (“Southwire”) has acquired United Copper Industries (“United Copper”), the third largest manufacturer of building wire in the United States.The transaction closed on September 20, 2016. VRA Partners acted as the exclusive financial advisor to Southwire on this 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. Southwire and its subsidiaries manufacture building wire and cable, metal-clad cable, portable and electronic cord products, utility products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment and hand tools.
United Copper, a manufacturer of building wire and cable, headquartered in Denton, Texas, has been a leading provider of THHN, bare wire, non-metallic and metal clad cables. The acquisition of United Copper will enable Southwire to expand its manufacturing capabilities in the Company’s core building wire products segment and enhance Southwire’s geographical footprint.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to 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 550 transactions across a broad range of industry sectors, including business services, consumer and retail, 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.