M&A Deal Summary

CVG Acquires Midwest Harness & Cable

On June 8, 2005, CVG acquired electrical equipment company Midwest Harness & Cable for 55M USD

Acquisition Highlights
  • This is CVG’s 1st transaction in the Electrical Equipment sector.
  • This is CVG’s largest (disclosed) transaction.
  • This is CVG’s 1st transaction in the United States.
  • This is CVG’s 1st transaction in Illinois.
Investment Fate
  • Midwest Harness & Cable was divested to a consortium of strategic buyers in 2016.

M&A Deal Summary
Date 2005-06-08
Target Midwest Harness & Cable
Sector Electrical Equipment
Buyer(s) CVG
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

Midwest Harness & Cable

Naperville, Illinois, United States
website
Midwest Harness & Cable Corp. is a manufacturer of power distribution products, primarily customized wire harnesses, to manufacturers of construction and mining equipment, heavy duty truck engines, specialty vehicles, buses and medical equipment.

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Buyer(S) 1

Buyer

CVG

New Albany, Ohio, United States

website

Category Company
Founded 2000
Sector Automotive
Employees7,600
Revenue 982M USD (2022)
DESCRIPTION

CVG is a manufacturer of components and systems for the medium and heavy duty commercial vehicles market. CVG was founded in 2000 and is based in New Albany, Ohio.

DEAL STATS #
Overall 1 of 8
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Illinois) 1 of 1
Country (United States) 1 of 6
Year (2005) 1 of 1
Size (of disclosed) 1 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-31 Gage Industries - Fabrication Division

United States

Gage Industries, Inc. - Fabrication Division is a producer of heavy-gauge and twin-sheet thermoforming composites. Its products are primarily used in the production and assembly of cabinetry and a variety of other products for original equipment manufacturers (OEMs) in the heavy truck industry.

Buy $5M
Mergr

Product

Company

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