Hussey Copper Set to Join International Wire Group in Strategic Acquisition
Deal News | Jun 10, 2025 | KPS Capital
KPS Capital Partners has announced the sale of its portfolio company, Hussey Copper, to International Wire Group (IWG). The definitive agreement signals the transfer of Hussey Copper, a significant North American copper processor and fabricator, known for its wide array of copper products utilized within diverse industrial applications. This strategic acquisition by IWG, based in Camden, New York, enhances their market presence as the largest non-vertically integrated copper wire producer in the US. KPS acquired Hussey Copper in 2020 and executed a transformative strategy that greatly increased the company's profitability and market stature. Key improvements were made through capital investments and strategic acquisitions such as Mueller Industries. IWG is set to finalize the transaction in the third quarter of 2025, expanding their portfolio and capabilities. Legal and financial advisors for KPS included Paul, Weiss, Rifkind, Wharton & Garrison LLP and Lazard Frères & Co. LLC respectively. Terms of the deal have not been disclosed.
Sectors
- Manufacturing
- Metals and Mining
- Private Equity
Geography
- United States – Hussey Copper, International Wire Group, and KPS Capital Partners are companies primarily based in the United States, making it the key geographical focus of the article.
Industry
- Manufacturing – The article discusses the manufacturing sector, with a focus on companies involved in the production and processing of copper and copper-alloy products.
- Metals and Mining – Hussey Copper and IWG are key players in the copper and copper-alloy market, which falls under the metals and mining industry given their roles in processing and fabricating copper products.
- Private Equity – KPS Capital Partners is a private equity firm managing and investing in portfolio companies within various industries, including metals processing like Hussey Copper.
Financials
- Undisclosed – The financial terms of the transaction between KPS Capital Partners and International Wire Group for Hussey Copper were not disclosed.
- Approximately $21.4 billion – Assets under management by KPS Capital Partners as of September 30, 2024.
- Nearly tripled profitability – Hussey Copper's profitability nearly tripled under KPS ownership.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hussey Copper | Target Company | Company | A North American copper processor and fabricator acquired by KPS in 2020. |
| KPS Capital Partners | Selling Company | Company | A private equity firm selling their portfolio company Hussey Copper to International Wire Group. |
| International Wire Group | Bidding Company | Company | Largest non-vertically integrated copper wire producer in the US acquiring Hussey Copper. |
| Paul, Weiss, Rifkind, Wharton & Garrison LLP | Legal Advisor | Company | Provided legal counsel to KPS and Hussey Copper. |
| Lazard Frères & Co. LLC | Financial Advisor | Company | Served as financial advisor to KPS and Hussey Copper. |
| Ryan Harrison | Partner at KPS Mid-Cap Investments | People | Commented on KPS's successful transformation of Hussey Copper. |
| Dale Taylor | CEO of Hussey Copper | People | Recognized the partnership with KPS and its impact on Hussey Copper's growth. |