Miami, FL — American Wire Group, LLC (“AWG” or the “Company”) and Greenbelt Capital Management L.P. (“Greenbelt” or “Greenbelt Capital Partners”) are pleased to announce Greenbelt’s investment to support AWG’s continued growth across the electrification landscape. The partnership will aim to reinforce AWG’s leadership in the energy market and position the Company to further expand its portfolio of solutions across evolving industry demands. All key members of AWG’s management team will remain in their roles, continuing to oversee the Company’s day-to-day operations.
Founded in 2001, AWG is an industry-trusted single source solution provider of wire and cable, hardware, equipment and accessories serving electrical grid expansion and maintenance, utilities, renewable energy and data center end markets. Backed by decades of experience, AWG delivers high-performance products supported by engineering expertise, coordinated logistics and responsive project support from start to end.
Michael Dorfman, CEO of AWG, said, “Partnering with Greenbelt marks an exciting next chapter for AWG. We are confident in 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.”
Josh Dorfman, President of AWG, added, “Greenbelt’s partnership-oriented approach and experience working with founder-led businesses is important to us, and we anticipate the partnership will accelerate our strategic initiatives and expand our capabilities as a leading, integrated provider of wire and cable, electrical equipment, and engineering solutions.”
Andy Hopping, Partner at Greenbelt, said, “We believe AWG is a differentiated, value-add distribution platform led by an exceptional management team with a strong track record of growth. 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.”
Kirkland & Ellis LLP served as legal counsel to Greenbelt in connection with the transaction. Raymond James & Associates served as financial advisor, and Bricker Graydon Wyatt served as legal counsel to American Wire Group in connection with the transaction.