M&A Deal Summary

General Cable Acquires Prestolite Wire

On November 2, 2012, General Cable acquired electrical equipment company Prestolite Wire

Acquisition Highlights
  • This is General Cable’s 11th transaction in the Electrical Equipment sector.
  • This is General Cable’s 5th transaction in the United States.
  • This is General Cable’s 2nd transaction in Michigan.

M&A Deal Summary
Date 2012-11-02
Target Prestolite Wire
Sector Electrical Equipment
Buyer(s) General Cable
Deal Type Add-on Acquisition
Advisor(s) BB&T Capital Markets (Financial)

Target

Prestolite Wire

Southfield, Michigan, United States
Prestolite offers a broad range of wire and cable and wire harness products serving predominately transportation OEMs, tier 1 wire harness manufacturers and distribution customers. The company has vertically-integrated bulk wire and value-added assembly operations through its two manufacturing locations in Arkansas and Mexico.

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Buyer(S) 1

Buyer

General Cable

Highland Heights, Kentucky, United States
Category Company
Founded 1992
Sector Electrical Equipment
Employees12,000
Revenue 4.2B USD (2015)
DESCRIPTION

General Cable Corp. develops, designs, manufactures, markets and distributes copper, aluminum and fiber optic wire and cable products and systems for the energy, industrial, specialty, construction, and communications markets. General Cable Corp. was formed in 1992 and is headquartered in Highland Heights, Kentucky.

DEAL STATS #
Overall 11 of 11
Sector (Electrical Equipment) 11 of 11
Type (Add-on Acquisition) 5 of 5
State (Michigan) 2 of 2
Country (United States) 5 of 5
Year (2012) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-02 Prestolite Electric

Plymouth, Michigan, United States

Prestolite is a global manufacturer of alternators and starter motors selling into niche markets for heavy-duty, military and industrial applications. Prestolite’s products are primarily manufactured for larger vehicles, including trucks, buses, emergency and off-road vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Gepco International

Wood Dale, Illinois, United States

Gepco Brand is a provider of professional broadcast, entertainment and audio/visual cable; cable assemblies in both standard and custom configurations; interconnect and cable-related accessories; and a full line of optical fiber solutions.

Sell -
Mergr

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