M&A Deal Summary

Southwire Co Acquires Novinium

On March 28, 2022, Southwire Co acquired information technology company Novinium

Acquisition Highlights
  • This is Southwire Co’s 1st transaction in the Information Technology sector.
  • This is Southwire Co’s 13th transaction in the United States.
  • This is Southwire Co’s 1st transaction in Washington.

M&A Deal Summary
Date 2022-03-28
Target Novinium
Sector Information Technology
Buyer(s) Southwire Co
Deal Type Add-on Acquisition

Target

Novinium

Kent, Washington, United States
Novinium is a provider of technology solutions to address circuit owners' infrastructure problems at a fraction of the cost of existing methods, save energy, save natural resources, and reduce greenhouse gases by eliminating the need for additional production of copper and polymers for new cables. Novinium was formed in 2003 and is based in Kent, Washington.

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Buyer(S) 1

Buyer

Southwire Co

Carrollton, Georgia, United States
Category Company
Founded 1937
Sector Electrical Equipment
DESCRIPTION

Southwire Company, LLC is a manufacturer of wire and cable used in the distribution and transmission of electricity.

DEAL STATS #
Overall 13 of 14
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (Washington) 1 of 1
Country (United States) 13 of 14
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 American Elite Molding

Crestview, Florida, United States

American Elite Molding (AEM) is a manufacturer of nylon cable ties. AEM offers an extensive line of cable ties in a variety of lengths, tensile strengths, and colors, plus accessories such as mounting pads and cable clamps. American Elite Molding (AEM) was founded in 1998 and is based in Crestview, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Resideo - Genesis Wire & Cable Business

Pleasant Prairie, Wisconsin, United States

Resideo's Genesis Wire & Cable Business is a low-voltage cable manufacturer, providing critical connection for a wide range of residential and commercial applications, including comfort, security, network and communications, entertainment, and fire and safety. The company serves a broad set of distributors, dealers and professional contractor customers.

Buy -
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