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High Road Capital Partners, New York, NY, a private equity firm, has completed the acquisition of Radix Wire, Cleveland, OH, a manufacturer of high-temperature and fire-resistant wire and cable. Terms of the acquisition were not disclosed.
“Radix is a recognized leader in the niche high-temperature and fire-resistant market, and its deep expertise across multiple engineering disciplines, proprietary material blends, and product innovation and customization capabilities differentiate the company and contribute to strong, long-term customer relationships,” said Ben Schnakenberg, Partner, High Road Capital Partners. “Radix is well positioned for continued growth, and we look forward to supporting the company’s strong management team to execute on those growth strategies.”
The company will be renamed Radix Wire & Cable to better reflect its product portfolio.