MFG Partners, a private equity firm based in New York, N.Y., has completed a strategic investment in A-Z Industries (“A-Z” or “the Company”). Founded in 1988, A-Z is a leading re-distributor of electrical wire & cable. The Company is headquartered in Northbrook, Ill. and has six additional locations in New York, North Carolina, Texas, Colorado, Arizona, and Oregon. Currently, A-Z Industries employs over 125 people across these locations.
As part of the transaction, Executive Vice Presidents Darren, Todd, and Eric Anixter have retained significant equity ownership in A-Z and will continue to run the day-to-day operations of the business.
“We believe that partnering with MFG, given their expertise and experience investing in middle market industrial companies, is an investment in growth and we are excited for the future,” said Executive Vice President Todd Anixter.
Executive Vice President Darren Anixter added, “With MFG’s support, we will build on the legacy generations of our family have created in this industry. We couldn’t be more excited for the journey.”
“MFG is the perfect partner at the perfect time; their enthusiasm and vision are exactly what we need. We look forward to a great partnership,” said Executive Vice President Eric Anixter.
Founder James Anixter will remain with the Company as Chairman Emeritus/Pink Hat Guy and feels “This is a tremendous opportunity, and the sky is the limit!”
A-Z Industries was represented by VRA Partners in this transaction. Terms undisclosed.
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