Candlewood Partners is pleased to announce its role as the financial advisor in the recent acquisition of Gavitt Wire & Cable Co. (Gavitt) by Weinberg Capital Group (WCG).
Founded in 1923 and headquartered in central Massachusetts, Gavitt Wire & Cable Co. specializes in the design and manufacture of highly engineered, custom wire and cable products. Gavitt serves industries with demanding specifications, ensuring products meet rigorous physical and environmental testing. The company focuses on custom-built solutions—an important distinction that minimizes competition and fosters long-standing customer relationships.
Candlewood worked alongside the Weinberg team throughout the transaction, including assistance with the initial evaluation and due diligence of Gavitt, financial underwriting and modeling, and deal structuring. Our team managed the sourcing and arrangement of the necessary debt capital, ultimately putting together a structure that will support the business as it grows under WCG leadership.
This acquisition is a testament to Candlewood’s commitment to providing bespoke financial solutions and strategic advice.
Read more about our latest deal announcement
Gavitt Wire & Cable Co. is a century-old wire and cable manufacturer specializing in the design and manufacturing of highly engineered, custom wire and cable products. Gavitt serves a variety of long-standing customers with demanding specifications across aviation, military, industrial, sports & entertainment, and medical end markets. The company focuses on custom-built solutions—an important distinction that minimizes competition and fosters long-standing customer relationships.
Weinberg Capital Group is a Cleveland, OH-based family office investing in well-positioned middle-market companies across the U.S. The firm targets businesses with annual revenue of $10 to $100 million and EBITDA ranging from $2 to $10 million. WCG partners with management teams and leverages its flexible, long-term capital to maximize value for all stakeholders. The firm’s current portfolio spans industries including consumer products, manufacturing, business services, and value-added distribution.
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.
Candlewood Partners, LLC
Established 2001
