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  6. CVG Acquires Midwest Harness & Cable

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
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
Category Company
Founded 2000
Sector Automotive
Employees6,400
Revenue 723M USD (2024)
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 9
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 7
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

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