On March 31, American Wire Group has been taken private after a strategic majority investment by Greenbelt Capital Management.

Founded in 2001, Miami-based American Wire is a distributor of wire and cable, hardware, equipment and accessories for the power utility, renewable energy, data center, commercial and industrial markets. Classic Wire & Cable is a subsidiary of American Wire.

A news release notes that all key members of AWG’s management team will remain in their roles. The company is led by CEO Michael Dorfman and President Josh Dorfman.

“Partnering with Greenbelt marks an exciting next chapter for AWG,” said Michael Dorfman, AWG’s CEO. “We are confident that Greenbelt’s industry focus and strong relationships across the electrical and utility ecosystem will support our continued growth and enhance our ability to serve customers nationwide.”

Terms of the investment were not disclosed. Greenbelt has over $3 billion in assets under management, with nearly all portfolio companies in the energy sector.

“We believe AWG is a differentiated, value-add distribution platform led by an exceptional management team with a strong track record of growth,” added Andy Hopping, Partner at Greenbelt. “As demand for reliable power infrastructure and renewable energy solutions continues to increase, we believe AWG has the technical and domain expertise necessary to support the modernization of the electrical grid at every stage.”