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04/2017

Empire Wire and Supply acquired by Genuine Parts Company

UNITED STATES Industrial Equipment / Components / Cabling & Connectivity REV 50M - 100M USD

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 LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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.

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REFERENCES

Revenue range: 50M - 100M USD

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: empire wire and supply

Acquirer: genuine parts company