OAKBROOK TERRACE, Ill. — Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce that Omni Cable Corporation (“OmniCable” or the “Company”) has been acquired by Dot Family Holdings (“DFH”). Terms of the transaction were not disclosed.
OmniCable, headquartered in West Chester, PA and established in 1977, is one of North America’s largest redistributors of specialty wire, cable and ancillary electrical products selling exclusively to electrical distributors. OmniCable serves as a critical solutions provider in the electrical products supply chain for its manufacturers and electrical distributor customers. Serving a diverse range of end markets, the Company has developed a leading platform with 13 strategically located distribution centers in the United States and Canada. The Company’s Employee Stock Ownership Plan (“ESOP”) owned a minority interest in OmniCable.
DFH is focused exclusively on acquiring leading middle-market distribution companies, with a special interest in master/two-step distribution and national distribution business models. DFH is the family office investment arm of the Tracy Family, the founders and owners of Dot Foods.
“After a very thoughtful and diligent process, we are fortunate to partner with DFH. Dot Foods is one of the largest and most trusted names in redistribution,” said Jeff Siegfried, OmniCable Chairman and CEO. “DFH and Dot Foods share our passion for customer service and the respect for the distribution channel that is so important in our business,” he added.
The agreement between OmniCable and DFH was announced by tEDmag.com on July 26, 2019.Tagged with acquisition, OmniCable