WJ Partners supported its portfolio company Power-Utility Products (PUPCO) with its acquisition of MIROC, a provider of telecom components and accessories utilized in telecommunications infrastructure. Terms were not disclosed. Fifth Third Bank provided financing for the acquisition and McGuire Woods provided legal services to WJ Partners and PUPCO.
The deal allows Charlotte-based PUPCO, a distributor of and supply chain partner for strut channel, cable tray, fittings and associated products used in electrical and mechanical infrastructure, to expand its offerings into the complementary telecom components category. Based in Albuquerque, NM, MIROC’s acquisition is also geographically strategic, providing a presence in the western United States and complementing PUPCO’s well-established coverage in the eastern United States.
“We’ve been looking for a partner to expand our reach both geographically and into other verticals within the telecommunications components distribution category, and MIROC is a perfect fit,” Cameron Todd, CEO of PUPCO, said. “We share some common clients as well as a business philosophy to be a supply chain partner for our customers so they can focus on their core business by providing them with industry-leading product availability and ship times, coupled with unparalleled expertise and customer service.”
The two companies will continue to operate under their current brands. MIROC’s team will remain in place, with Brad Leigh continuing as MIROC’s general manager while also helping drive business opportunities across the brands.
