Distributor Wire and Cable Joins Forces with Crossplane Capital
Deal News | Dec 10, 2024 | Crossplane Capital Management
Crossplane Capital, a private equity firm based in Dallas, has announced the successful acquisition of Distributor Wire and Cable (DWC), a prominent distributor of electrical wire and cable products headquartered in Denver, Colorado. Founded in 2008, DWC offers a broad range of specialty wire and cable products, leveraging its five warehouses nationwide to provide same-day shipping and value-added services. This acquisition marks a significant strategic partnership where Crossplane joins forces with DWC's founder Bryce Huett and its management team, to harness operational and financial resources in support of the company's forthcoming growth initiatives. The deal positions DWC to capitalize on the increasing demand for electricity and power transmission across industrial, commercial, residential, and utility markets in the U.S. Mike Sullivan, a partner at Crossplane, emphasizes DWC's strong management and unique value proposition, while Michael Bertrand, Vice President of Crossplane Capital, mentions plans to enhance DWC's brand and expand its market reach through new products and capabilities.
Sectors
- Electrical Equipment
- Private Equity
- Supply Chain and Distribution
Geography
- United States – Both Crossplane Capital and Distributor Wire and Cable are based in the U.S., and the acquisition impacts the U.S. market for electrical wire and cable distribution.
- Colorado – Distributor Wire and Cable is headquartered in Denver, Colorado, marking it as a significant geographic location for the firm.
- Texas – Crossplane Capital is based in Dallas, Texas, which serves as the geographic location for the private equity firm leading the acquisition.
Industry
- Electrical Equipment – Distributor Wire and Cable operates within the electrical equipment industry by supplying electrical wire and cable products to distributors and wholesalers.
- Private Equity – Crossplane Capital's involvement in acquiring and investing operational resources into Distributor Wire and Cable highlights the private equity industry's role in corporate growth and investment.
- Supply Chain and Distribution – Distributor Wire and Cable's business model emphasizes supply chain efficiency, with same-day shipping and value-added services across its distribution networks.
Financials
- Not Disclosed – The acquisition price for Distributor Wire and Cable by Crossplane Capital has not been disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crossplane Capital | Acquirer | Company | A Dallas-based private equity firm that has acquired Distributor Wire and Cable. |
| Distributor Wire and Cable (DWC) | Target Company | Company | A leading master distributor of electrical wire and cable products founded in 2008, headquartered in Denver, Colorado. |
| Bryce Huett | Founder and Management | Person | Founder of Distributor Wire and Cable, participating in the partnership with Crossplane Capital. |
| Mike Sullivan | Partner | Person | Partner at Crossplane Capital, involved in executing the acquisition strategy. |
| Michael Bertrand | Vice President | Person | Vice President at Crossplane Capital, responsible for strategic initiatives post-acquisition. |