M&A Deal Summary

Windjammer Capital Acquires PDU Cables

On September 9, 2025, mezzanine finance firm Windjammer Capital acquired manufacturer PDU Cables

Acquisition Highlights
  • This is Windjammer Capital’s 3rd transaction in the Manufacturing sector.
  • This is Windjammer Capital’s 52nd transaction in the United States.
  • This is Windjammer Capital’s 5th transaction in Minnesota.

M&A Deal Summary

Date 2025-09-09
Target PDU Cables
Sector Manufacturing
Buyer(s) Windjammer Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Baird (Financial)
Brownstein (Legal)

Target

PDU Cables

Minnetonka, Minnesota, United States
PDU Cables is a manufacturer of branch circuit power distribution cable assemblies throughout North America. PDU Cables was formed in 1981 and is based in Minnetonka, Minnesota.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.


DEAL STATS #
Overall 52 of 52
Sector: Manufacturing M&A 3 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 29
State: Minnesota M&A 5 of 5
Country: United States M&A 52 of 52
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-09 Engineered Products Co.

Minnetonka, Minnesota, United States

Engineered Products Co. (EPCO) is a manufacturer of specialty products to Electrical Distributors and Contractors. It supplies a broad range of standard and unique consumables for commercial, industrial, residential and agricultural buildings. Engineered Products Co. is based in Minnetonka, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-24 Paragon

Fort Worth, Texas, United States

Paragon is a critical parts and services provider to the nuclear power industry, helping to advance zero carbon energy. The Company serves both large nuclear utility power plants and next generation advanced Small Modular Reactors (SMRs). Paragon was formed in 2000 and is based in Fort Worth, Texas.

Sell $585M