ILLINOIS WIRE HARNESS MANUFACTURER ACQUIRED BY STRATEGIC BUYER
NuVescor has concluded the successful sale of an Illinois based wire harness manufacturer to a strategic buyer.
Travis Ernst, NuVescor’s Managing Director said “This selling process took longer than usual but there were a lot of moving pieces in this deal. It was also a case where both the Buyer and the Seller really wanted to get it right and so we took the time they needed to make sure it worked for everyone involved.” NuVescor represented the buyer in this transaction.
The buyer is a leading manufacturer of standard and custom electronic wire, cable, power supply cords, molded cable assemblies and wiring harnesses. They saw an opportunity to add some significant capabilities to their current offerings and a way to increase their 30MM+ revenues with an accretive acquisition.
The seller saw an opportunity for greater growth opportunities and expanded offerings to their current customer base.