Intrepid announced today that it acted as the exclusive financial advisor to Cicoil, LLC (Cicoil) in connection with its acquisition by TPC Wire & Cable Corp. (TPC), a portfolio company of Audax Group. Acquired by Howard Lind and an investor group in 2006, Cicoil is a manufacturer of high-performance cables and cable assemblies. TPC is a leading designer and provider of high-performance wire, cable, connectors, assemblies, and accessories used in harsh, high cost-of-failure environments.
Based in Valencia, Calif., Cicoil was founded in 1956 when it invented the flat ribbon cable to replace bulky cables in early mainframe computers. Using its unique, proprietary flat cabling solution, Cicoil solves problems for customers who require cables that are compact, exhibit superior flexibility and excel in extreme environments. Cicoil’s products are used in various defense, aerospace, industrial and commercial applications for customers such as Raytheon, Lockheed Martin, UTC Aerospace, and Abbott Laboratories. Cicoil has a long and proud history, as Neil Armstrong and Buzz Aldrin used the company’s flat cables during the Apollo 11 mission and moon landing.
“Intrepid’s professional team and expertise provided us with multiple, excellent options. Ultimately, the process resulted in the perfect outcome for Cicoil,” said Howard Lind, President and CEO of Cicoil. “We are excited to partner with a great company like TPC, and we look forward to continuing to grow and build our business.”
“I have known Howard for more than three decades and have followed the growth of Cicoil since he acquired the company,” said Mike Rosenberg, Senior Managing Director at Intrepid. “Howard and his team have built an incredible business, and it was an honor to work with them to find the right partner for the next chapter of Cicoil’s growth story.”
Cicoil will continue to operate as a separate, standalone subsidiary of TPC.
Deal Team Contacts
About Intrepid Investment Bankers
Intrepid provides M&A, capital raising and strategic advisory services to entrepreneurs and middle-market companies in various industry sectors. Our heritage breeds a culture that embraces teamwork, tenacity and creativity to help our clients win big. We believe that every company has an entrepreneurial passion that drives it and a story that defines it. Our team delivers results through skillful positioning and relentless execution. Based in Los Angeles, Intrepid augments its international capabilities through its active participation in Oaklins, an exclusive global alliance of M&A advisory firms.