KPS Capital Partners sold its portfolio company United Copper Industries, to Southwire. KPS purchased the company in 2011 and executed an effective turnaround.

Financial terms of the transaction were not disclosed.

UCI is a leading manufacturer and distributor of copper building wire and cable used in the construction of industrial, residential and commercial buildings in the U.S. and Canada. In 2011, KPS created UCI to acquire the U.S. wire and cable assets of Organizacion IUSA. Under KPS’ ownership, UCI transitioned to an independent company and successfully achieved a highly ambitious turnaround that established the company as a leading North American building wire and cable manufacturer.

David Shapiro, a managing partner of KPS, said, “We are very proud of UCI’s transformation under our ownership. In 2011, we acquired an under-managed and underutilized satellite U.S. production facility that operated as a highly transactional market participant. We transformed the company into a consistently profitable, rapidly growing North American building wire and cable manufacturer that is a true partner to its national and regional customer base of electrical distributors.”

Jeff Hykin, chief executive officer of UCI, added, “Working in partnership with KPS, the UCI team implemented a turnaround plan that materially improved the productivity and efficiency of our plant while improving quality and service. These changes formed the foundation for UCI’s significant growth over the past three years. We are grateful to KPS for providing our team with the leadership, expertise, capital and other resources that were essential to our success. The UCI team looks forward to a seamless transition to Southwire ownership for our customers and employees.”

KPS is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $5.6 billion of assets under management.