VRA Partners Advises Southwire on its Acquisition of Madison Electric Products
VRA Partners, LLC is pleased to announce that Southwire Company, LLC ("Southwire") has acquired Madison Electric Products LLC ("Madison Electric"), a manufacturer of high-quality, electrical components and accessories. The transaction closed on July 27, 2020. 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, utility products, portable and electronic cord products, OEM wire products and engineered products. In addition, Southwire supplies assembled products, contractor equipment and hand tools.
Headquartered in Solon, Ohio, Madison Electric is widely recognized for designing high-quality, innovative electrical products for the professional, including SmartLB™, Smart Box™, Draft Seal™, Pull-It™ and other well-known brands. A large portion of these products come from its Sparks Innovation Center™ interface, a crowd-sourcing approach to product development, which allows electricians to submit new product ideas. This has contributed to a strong pipeline of new and innovative products that are focused on helping the electrician.
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.
Interested in learning more?
Chris Reilly, Director - Originations