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04/2017

Empire Wire and Supply acquired by Genuine Parts Company

UNITED STATES Industrial Equipment / Components / Cabling & Connectivity REV $50–100M

Context

Genuine Parts Company (GPC) announced the acquisition of Empire Wire and Supply through its Electrical/Electronic Materials Group (EIS), a platform focused on industrial electrical and electronic solutions. Headquartered in Rochester Hills, Michigan, Empire specializes in custom cable assemblies and distributes a broad range of network cabling, electrical, automation and safety products to original equipment manufacturers (OEMs) and industrial maintenance customers. Operating across multiple locations in the United States and Canada, Empire brings complementary technical expertise and an established presence in the industrial connectivity market. The transaction aligns with GPC’s external growth strategy to strengthen EIS’s capabilities in high-value industrial automation and robotics applications. Empire’s expertise in engineered cable solutions, custom fabrication and OEM relationships complements EIS’s existing conversion and manufacturing capabilities, creating opportunities to expand value-added offerings and enhance customer solutions across the industrial supply chain. Following completion, the combined platform is expected to benefit from operational synergies through coordinated procurement, improved inventory management and enhanced logistics efficiency. The integration will broaden EIS’s custom manufacturing capabilities, strengthen supply chain resilience and enable the company to provide more comprehensive solutions to industrial customers seeking reliable electrical and automation components. The acquisition of Empire Wire and Supply reinforces EIS’s position within the North American industrial electrical materials market while providing an expanded platform to capture growth opportunities driven by automation, electrification and next-generation industrial applications.

Empire Wire and Supply, which reported an EBITDA margin of [members only] in 2017, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Empire Wire and Supply is a North American distributor and manufacturer specializing in cabling solutions, electrical components, industrial automation technologies and safety products. Headquartered in Rochester Hills, Michigan, the company provides an integrated offering that includes the design, manufacturing and distribution of custom cable assemblies, network connectivity solutions and products engineered for demanding industrial environments. Its operating model combines engineering expertise, rapid prototyping, material converting capabilities and in-house testing services to address the specific requirements of original equipment manufacturers (OEMs) and industrial maintenance providers.

Ent. Value

$50–100M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2017
$50–100M
[members only]
[members only]
2016
$50–100M
[members only]
[members only]

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REFERENCES

Revenue range: $50–100M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Empire Wire and Supply by Genuine Parts Company are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: empire wire and supply

Acquirer: genuine parts company