Crossplane Capital Acquires Distributor Wire and Cable

Crossplane Capital, a private equity firm based in Dallas, has announced the acquisition of Distributor Wire and Cable (DWC), a master distributor of electrical wire and cable products headquartered in Denver, Colorado. DWC, founded in 2008, has established a strong presence in the distribution of specialty wire and cable nationwide and operates from five warehouse locations. By partnering with DWC's founder, Bryce Huett, and the company's management team, Crossplane aims to provide comprehensive operational and financial backing to enhance the company's trajectory in a burgeoning market driven by accelerating power transmission and electricity consumption in the U.S. This strategic partnership is viewed as a pivotal moment for DWC, according to Mike Sullivan, a partner at Crossplane. He cites the company's competitive advantage in offering same-day shipping and value-added services to a range of industrial, commercial, residential, and utility segments. The deal is anchored in facilitating continued growth and leveraging technology to expand product lines and geographical reach, as highlighted by Crossplane’s Vice President Michael Bertrand. Bryce Huett emphasizes the alignment of DWC’s longstanding culture of growth and collaboration with Crossplane’s vision, highlighting the opportunity to expand the scale of operations and services provided to distributor partners.