Cable Manufacturing & Assembly, Inc. has been acquired by Torque Capital Group
Torque Capital Group has acquired Cable Manufacturing & Assembly, Inc. (“CMA”), a Bolivar, Ohio based leader in the design and manufacturing of mechanical cables, controls, and actuation assemblies. CMA has a reputation for providing engineered application solutions to market leaders in the automotive, marine, and power sports industries. EdgePoint served as the exclusive financial advisor to Cable Manufacturing & Assembly. Terms of the transaction were not disclosed.
Torque Capital Group is a lower-middle market private equity firm that takes an operational approach to investing in businesses at a critical inflection point. Torque deploys patient capital behind North American based manufacturing, niche / enthusiast branded products, and supply chain service companies, with a particular expertise in transportation markets. Torque acts as a resource to portfolio company management teams, offering strategic, operational, and financial resources to accelerate the building of long-term value for all stakeholders.
Safely connecting the world through excellence in cable assembly solutions since 1974, Cable Manufacturing & Assembly has become an industry leader in mechanical cables, controls, and actuation assemblies. Its products include push-pull and pull-pull cables, safety/restraint cables, and more. Known for providing application solutions through engineering support to its customers, CMA has continued to expand its product line and customer base in the automotive, marine and power sports industries, selling its products to the leading OEMs within their respective industries.
CMA’s recognized brand, reputation, and legacy is an excellent fit with Torque Capital Group’s focus on investing in manufacturing companies with strong management teams, market positions, and significant growth potential. Torque’s operational focus, extensive experience and relationships is expected to provide CMA with enhanced resources and strategic guidance through its next stage of growth and development.
EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.