VRA Partners Advises Southwire on its Acquisition of Garvin Industries
VRA Partners, LLC is pleased to announce that Southwire Company, LLC ("Southwire") has acquired Garvin Industries, Inc. ("Garvin"), a 120-year old manufacturer of electrical, lighting and low-voltage products for the U.S. construction industry. The transaction closed on August 14, 2018. 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 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.
Headquartered in Franklin Park, Illinois, Garvin is a leader in manufacturing innovative, labor-saving products for electrical construction solutions. Southwire's acquisition of Garvin includes Garvin's manufacturing, distribution and corporate support functions and will add approximately 30 employees to Southwire's Tools and Assembled Products team.
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 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.
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Chris Reilly, Director - Originations