February 23, 2021
TPC Wire & Cable (TPC), a portfolio company of Audax Private Equity, has recently announced that it has completed the acquisition of Integrated Cable Systems, Inc. (ICS), an ISO 9001 certified supplier of custom cables, harnesses, electro-mechanical assemblies and industrial panels. Based in Longmont, Colorado, ICS’s solutions are widely used in medical, test and measurement and other highly sophisticated markets where quality and precision are critical. TPC recently formed its Engineered Products Division to expand its coverage of high-reliability end markets like military, aerospace, medical equipment, and others. The partnership with ICS enhances TPC’s solutions offering to these end-markets by expanding its portfolio of specialized wire and cable solutions for high-reliability applications.
In making the announcement, TPC President and CEO Jeff Crane, commented, “At TPC, we continue to focus on providing high performance connectivity solutions for our customers’ high-cost-of-failure applications. We’ve invested in our Engineered Products Division to build on this promise in a growing number of high reliability end-markets and applications. Our investment in ICS will enable the organization to build upon the success that Curt Even and his team have achieved over the years. Our commitment is to provide the ICS team with the tools and resources to provide the highest quality products and services to their customers”
On the transaction, Dr. Nildeep Patel, President of TPC’s Engineered Products Division stated, “ICS provides an excellent value add capability in the medical and semiconductor markets to TPC’s newly formed Engineered Products Division, which specializes in bespoke customer solutions in niche markets. We believe this will be a mutually beneficial partnership allowing ICS to continue growing its capabilities and value proposition via TPC’s investment and technical expertise. We are looking forward to welcoming the ICS team to the TPC family.”
Curt Even, General Manager and former owner of ICS had this to say, “As our business grew over the last few years, we knew we would need outside resources to support the current and future needs of the organization. TPC brings those resources, and a lot more, to help us exceed the expectations of our current customers and make the investments necessary to expand our customer base.”