Pfingsten Partners acquires TPC Wire & Cable from Premier Farnell
January 31, 2011
On March 1, 2011, Pfingsten Partners, L.L.C. ("Pfingsten") announced the acquisition of TPC Wire & Cable Corp. ("TPC"), from Premier Farnell plc.
Based in Independence, Ohio, TPC is a leading supplier of wire, cable and connectors used in harsh industrial environments. TPC's products are designed and engineered to withstand harsh conditions including abrasion, chemicals, flexing and extreme temperatures. TPC serves a variety of end markets, including the steel, utility, mining, automotive, food and beverage, government, oil and gas, transportation, and wood, pulp, and paper markets.
Pfingsten Partners, is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago and offices in ChangAn, China, and New Delhi, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering. Since completing its first investment in 1991, Pfingsten Partners has raised four funds with total commitments of approximately $1.0 billion, and has acquired 86 manufacturing, distribution and business services companies.
McCarthy Tétrault LLP acted as Canadian counsel to Pfingsten Partners, the acquirer, with a team led by Iain Scott.