Isotec acquired by General Cable
General Cable Corp. has acquired Isotec Inc., a supplier of cabling products for the broadcast and entertainment industries. Based in suburban Chicago, Isotec and its affiliate Gepco (also acquired in the transaction) reported combined 2008 revenues of about $46 million.
Mirus Capital Advisors represented both Isotec and Gepco in the transactions. Terms were not disclosed.
“With the acquisition of Isotec’s specialty electronic cable business, General Cable expects to significantly expand its share of this important U.S. market as well as leverage General Cable’s global sales infrastructure with this technically superior brand of multimedia cables in markets all over the world. We expect the market for these products to grow at roughly two times GDP in the U.S. and somewhat higher internationally due to ongoing global analog-to-digital conversions,” said Jay Lahman, vice president and general manager for General Cable’s Carol, Gepco, and Isotec products.
Gary Geppert, Isotec’s founder, has agreed to stay with the company. “Gepco cabling solutions are a critical component to the broadcast industry’s continuing innovation in broadcast technologies such as the next-generation super or ultra-high definition video” said Geppert.
About General Cable
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, and communications markets.
About Mirus Capital Advisors
Mirus Capital Advisors provides investment banking solutions to corporate clients in technology, business services, manufacturing, consumer products, health care and the resort & hospitality industry. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations and valuations. For additional information, visit www.merger.com.
Certain statements in this press release, including without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. Actual results may differ materially from those statements as a result of factors, risks and uncertainties over which the Company has no control. Such factors, risks, and uncertainties are more fully discussed in the Company’s Report on Form 10-K/A filed with the Securities and Exchange Commission on May 8, 2009, as well as periodic reports filed with the Commission.Back to Transactions