Audax buys TPC Wire & Cable

Audax Group said Friday it acquired TPC Wire & Cable Corp. The seller was Pfingsten Partners. Financial terms weren’t announced. Macedonia, Ohio-based TPC produces high performance, ruggedized wire, cable, and connectors used in harsh industrial applications. BB&T Capital Markets advised TPC Wire & Cable. Madison Capital, CIT Capital, NXT Capital, and PNC Mezzanine provided financing.

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