SEARCH

Crossplane Capital Acquires Denver-based Distributor

Crossplane Capital, a private equity firm, has announced the acquisition of Distributor Wire and Cable (DWC), a Denver-based distributor of electrical wire and cable products.

---

The firm has has partnered with Bryce Huett, founder of DWC,  as well as the company’s management team on the investment to provide operational and financial resources in support of the its next phase of growth.

“We are excited to be partnering with Bryce and the DWC team at what we believe to be an inflection point for the Company,” said Mike Sullivan, partner of Crossplane Capital.  “DWC’s talented management team, combined with its value proposition to both suppliers and customers, has it well positioned to take advantage of a substantial and growing market for electrical wire and cable as the demand for power transmission and the consumption of electricity continue to increase throughout the U.S.”

Founded in 2008 and headquartered in Denver, Colorado, DWC is a provider of electrical wire and cable to electrical distributors and wholesalers nationwide.  With a focus on specialty wire and cable, from its five warehouse locations across the country, DWC provides same day shipping and value-added services to its customers who serve end users operating in industrial, commercial, residential and utility end markets.

“Since founding DWC, we have focused on building a culture of growth and collaboration, and the partnership with Crossplane will help us continue that legacy as we take the Company into its next chapter and to the next level,” said Huett. “We look forward to continuing to bring value to our distributor partners, with even more resources and at a larger scale.”

Michael Bertrand, vice president of Crossplane Capital, noted that DWC is uniquely positioned within the electrical wire and cable distribution industry due to its customer service and uses of technology.

“We look forward to working with the DWC team to leverage the company’s brand and deep customer and supplier relationships as we pursue growth initiatives together that will add new products, capabilities and geographic coverage, further strengthening DWC’s position in the market,” he said.

---

Post comment / Discuss story * Required Fields

Your name:

E-mail *:

Subject:

Comment *: