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Crossplane Capital completes acquisition of Distributor Wire and Cable to bolster electrical wire and cable distribution

Dec 10, 2024•about 1 year ago

Acquiring Company

Crossplane Capital

Acquired Company

Distributor Wire and Cable

DallasAuroraVenture CapitalWholesaleManufacturing

Description

Crossplane Capital, a Dallas-based private equity firm, has announced the acquisition of Distributor Wire and Cable (DWC), a master distributor of electrical wire and cable products. Crossplane aims to provide operational and financial resources to support DWC's next phase of growth. This strategic partnership is expected to leverage DWC's brand, customer and supplier relationships, and technological prowess to pursue growth initiatives, adding new products, capabilities, and geographic coverage.

Company Information

Company

Crossplane Capital

Location

750 North St. Paul Street Suite 1000

Dallas, Texas, United States

About

Crossplane Capital is a private equity firm based in Dallas investing control equity in industrial business services, niche manufacturing and value-added distribution businesses. The firm invests in companies with up to $200 million of revenue and significant value creation upside through prudent net working capital management, rigorous cost optimization and thoughtful revenue growth. Our team has eight decades of collective experience transforming industrial companies as senior executives, operational improvement consultants, strategy consultants, restructuring advisors and private equity investors. As a result, we bring a sophisticated operating model and collaborative culture to lower middle market family owned companies and companies involved in complex situations.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed