Harris Williams Advises Southwire Company, LLC on its Acquisition of Novinium, Inc.
April 12 2022 - 10:02AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised Southwire Company,
LLC (Southwire), one of North America’s largest wire and cable
producers and an emerging influence in the industrial electrical
space, on its acquisition of Novinium, Inc. (Novinium), a cable
rejuvenation solutions provider focused on electric utilities. The
transaction was led by Drew Spitzer, Matt White and Thomas Saunders
of the Harris Williams Energy, Power & Infrastructure (EPI)
Group.
“The wire and cable products and services industry is becoming
increasingly attractive to investors, particularly as newer and
more efficient technologies – such as what Novinium offers – are
created,” said Drew Spitzer, a managing director at Harris
Williams.
“With its nationwide footprint, longstanding customer
relationships, and commitment to innovation and sustainability,
Southwire has continuously proven it is a leading provider of wire
and cable products. This acquisition allows Southwire to establish
a platform for critical, outsourced field services and create
additional touchpoints with its customers,” added Matt White, a
managing director at Harris Williams.
A leader in technology and innovation, Southwire is one of North
America’s largest wire and cable producers and an emerging
influence in the industrial electrical space. Southwire and its
subsidiaries manufacture building wire and cable, utility products,
metal-clad cable, portable and electronic cord products, OEM wire
products, and engineered products. In addition, Southwire supplies
assembled products, contractor equipment and hand tools.
Novinium is the only full-service underground power expert that
partners with utility companies to keep their networks operating at
peak performance, using the most capitally efficient and
environmentally friendly methods available. Novinium continues to
advance its cable rejuvenation technology, methods and delivery
through its signature CableCure service.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams EPI Group has significant experience
advising market leading providers of technology, services and
products across a broad range of sectors. These sectors include
energy management; infrastructure services; utility services;
testing, inspection, and certification services; environmental
services; engineering and construction; power products and
technology; and energy technology. For more information on the
Group’s experience, please visit the EPI Group’s section of the
Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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