Pittsburgh Wire & Cable, Inc.
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Pittsburgh Wire & Cable, Inc. - overview
Established
1992
Location
Pittsburgh, PA, US
Primary Industry
Logistics & Distribution
About
Pittsburgh Wire & Cable, Inc. is a provider of industrial supplies and solutions focusing on operational efficiency across various sectors. Their offerings support businesses in manufacturing, logistics, and construction. Pittsburgh Wire & Cable, Inc.
specializes in industrial supplies and solutions. Founded in 1992, the company is headquartered in Pittsburgh, US. In September 2019, TPC Wire & Cable Corp. , a portfolio company of Audax Group and PNC Mezzanine Capital, acquired Pittsburgh Wire & Cable, Inc.
Financials of the deal were not disclosed. The company specializes in a diverse range of products and services designed to cater to various industries. Their core offerings include a catalog of industrial supplies and solutions aimed at enhancing operational efficiency and productivity for businesses. These products are utilized to solve critical challenges faced by end users in sectors such as manufacturing, logistics, and construction.
The company serves a broad client base, including small to medium-sized enterprises as well as larger corporations, across multiple geographical markets such as the Midwest, Northeast, and Southeast regions of the United States. The specific usage of their products typically involves procurement processes that streamline supply chain management, thereby facilitating seamless operations for their customers. The company's revenue model is structured around business-to-business transactions, primarily involving direct sales to corporate clients. Transactions often take place through bulk orders or contractual agreements, where clients purchase products on a recurring basis to maintain their operational needs.
Pricing structures for these offerings are strategically designed to accommodate varying client requirements, with potential options for volume discounts to incentivize larger purchases. Key products, which may include specialized industrial tools and proprietary equipment, are integral to their revenue generation strategy, fostering long-term partnerships with clients who rely on consistent supply and quality. The company plans to leverage its recent acquisition by TPC Wire & Cable Corp. to enhance its product offerings and expand its market reach.
While specific new products are in development, no release dates have been disclosed. The focus is on expanding into more regions within the US, particularly targeting growth in the Midwest and Southeast markets by 2023. The recent acquisition deal, completed in September 2019, is expected to support these initiatives, although detailed financial allocations have not been specified.
Current Investors
Trexon
Primary Industry
Logistics & Distribution
Sub Industries
Electronic Components & Semiconductor Wholesalers, Electrical, Plumbing & Hardware Distributors
Website
www.pittsburghwire.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Pittsburgh Wire & Cable, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Pittsburgh Wire & Cable, Inc. | - |
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