Audax-owned TPC acquires specialty supplier Milrail

TPC Wire & Cable Corp has acquired Milrail Inc, a Pointe-Claire, Québec-based specialty supplier of wire, cable, interconnect devices and grounding systems. No financial terms were disclosed. Established in 1990, Milrail serves the marine, military, rail and transit industries. TPC, a Macedonia, Ohio-based supplier of wire, cable, connectors, assemblies and accessories used in harsh industrial environments, said the acquisition will strengthen its wire and cable offering. TPC was acquired in 2015 by U.S. private equity firm Audax Group from Pfingsten Partners.

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