BellMark Partners, LLC advised Madison Electric Products LLC (“Madison Electric” or the “Company”) in its sale to Southwire Company, LLC (“Southwire”). Headquartered in Carrollton, Georgia, Southwire is one of world’s leading manufacturers of wire and cable, tools, components and assembled building product solutions for the residential, non-residential, and non-building construction markets.
Business Description
Madison Electric is a leading manufacturer of non-current carrying electrical products and tools commonly used in the installation of commercial, light industrial, and residential electrical systems. Madison Electric enjoys a well-deserved reputation as an innovative source and industry thought leader for product development through the electrical industry’s first crowd-sourced approach to new product development, the Sparks Innovation CenterTM. The Company’s products are distributed and sold nationwide through longstanding relationships with electrical distributors and leading U.S. retailers. Madison Electric is headquartered in Solon, Ohio, with a warehouse and distribution center in Duluth, Georgia and supporting operations in Shanghai, China.
Transaction Description
BellMark Partners, LLC acted as the Company’s exclusive financial advisor in connection with the completion of this transaction. BellMark Partners, LLC was selected by the Company due to its electrical products industry expertise and focused senior level attention to transaction execution.