WJ Partners Facilitates PUPCO Acquisition of MIROC.

MANews-(C)2009-2022

US-based investment partnership WJ Partners supported its portfolio company Power-Utility Products Co. (PUPCO) with its acquisition of telecom components and accessories provider MIROC, the firm said.

MIROC's telecom components and accessories are utilized in telecommunications infrastructure.

Terms were not disclosed.

The deal allows Charlotte-based PUPCO, a master 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, New Mexico, MIROC's acquisition is also geographically strategic, providing a presence in the western United States and complementing PUPCO's coverage in the eastern United States.

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.

Financing for the acquisition was provided by Fifth Third Bank (NASDAQ: FITB), and McGuire Woods provided legal services to WJ Partners and PUPCO.

Founded in 1973 and based in Charlotte, North Carolina, Power-Utility Products Co. (PUPCO) is a master distributor of strut channel, cable tray, fittings, and associated components used in electrical...

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