A leading builder of custom power cable solutions for data centers
NEWPORT BEACH, Calif. & WALTHAM, Mass.–(BUSINESS WIRE)–Windjammer Capital (“Windjammer”), a national private equity investment firm focused on control equity investments in middle-market businesses, today announced the acquisitions of PDU Cables (PDU) and Engineered Products Company (EPCO) in partnership with management and the Lee Family. Terms of the transaction, which closed in August, were not disclosed.
PDU Cables provides mission critical, specialized power cable solutions for data centers, ensuring continuous power supply in “can’t fail” environments. EPCO is the premier brand supplier of specialty products to electrical distributors with unique product leadership in lighting whips, grounding solutions, and temporary power. Founded by Peter Lee and Duncan Lee, the companies have supported the electrical industry since 1976.
“As a market leading provider of critical components to data centers, PDU Cables is ready to meet accelerated demand driven by AI, IoT, connected devices, and continued cloud computing proliferation,” said Ryan Pertz, Managing Director at Windjammer. “PDU is well positioned to support this market growth in its core power cabling segment, with opportunity to grow the Company’s addressable market through adjacent products and services, both organically and via M&A.”
PDU Cables is the leading provider of quick-turn, custom-configured power cabling solutions delivering power to the racks within data centers. Its cable systems are custom tailored to each data center’s unique electrical design and are 100% U/L tested to ensure high reliability. Having served the data center market since 1981 with more than 7,000 installations, PDU Cables is a trusted supplier to electrical contractors, colocation owner/operators, hyperscalers, and enterprise customers. The company’s cable products serve a wide range of data center use cases and are flexible to accommodate the changing power requirements as server rack densities increase rapidly.
“PDU Cables has a long history of serving our electrical contractor and owner/operator customers with rapid turnaround times and ease of install,” commented Troy Peterson, CEO of PDU Cables and EPCO. “We chose Windjammer as a partner in order to continue meeting the highest standards of our customers and scale our business to meet the market demands.”
Duncan Lee, one of the family founders, commented, “PDU Cables and EPCO have grown tremendously over the past decade, and we’re excited for the companies to partner with Windjammer to accelerate growth and enter new adjacent product segments.”
“PDU Cables embodies the classic investment criteria we look for at Windjammer: market leadership, mission critical products, and a low cost-to-value relationship for the products and services they offer to their customers,” added Greg Bondick, Managing Principal at Windjammer. “We have a number of investments in and around the power and power management sectors and our partnership with the company provides an opportunity to continue to execute against this investment thesis.”
Citizens JMP Securities, LLC acted as exclusive financial advisor to Windjammer, and Kirkland & Ellis provided legal counsel. Baird acted as financial advisor and Brownstein Hyatt Farber Schreck, LLP acted as legal counsel to PDU Cables and EPCO.
About PDU Cables
Since 1981, PDU Cables is a leading supplier of branch circuit power distribution cable assemblies throughout North America. Manufactured with the highest quality components, pre-tested, UL Listed, and warrantied, Minnetonka, MN-based PDU Cables is known for its custom configurations, quick-turnaround and exceptional customer service. To learn more, visit www.pducables.com.
About Engineered Products Company (EPCO)
EPCO is the premier brand supplier of specialty products to Electrical Distributors and Contractors. Headquartered in Minnetonka, MN (a suburb west of Minneapolis), EPCO has supported the electrical industry since 1976 by supplying a broad range of standard and unique consumables for commercial, industrial, residential and agriculture buildings. To learn more, visit www.engproducts.com.
About Windjammer
Windjammer Capital is a national private equity investment firm based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Windjammer has more than $3 billion of committed capital with respect to its control equity investment strategy, and since inception has completed more than 60 platform investments and more than 200 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance. To learn more, visit windjammercapital.com.
Please contact Ryan Pertz ([email protected]) or Greg Bondick ([email protected]) with any inquiries related to the acquisition.
Contacts
For media inquiries, please contact Jeremy Milner ([email protected]).
