High Road Capital Partners has completed the acquisition of Radix Wire (Radix), the ninth platform acquisition for High Road Capital Partners Fund II.
Cleveland, Ohio-based Radix is a manufacturer of high-temperature and fire-resistant wire and cable. Radix designs and engineers products proven to perform in temperatures ranging from 150°C to 1000°C and in diverse industrial OEM, maintenance, repair and operations, and fire protection applications. Radix serves global markets with increasingly stringent regulations governing component selection and performance, including cooking and heating equipment, oil and gas, lighting, and fire protection systems. Radix’s branded, high-performance products are manufactured in two facilities in Northeast Ohio and meet regulatory requirements for various Underwriters Laboratories (UL) and Canadian Standards Association (CSA) certified, and UL Vertical Wire-1 (VW-1) flame rated certifications.
“Radix is a recognised 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 customisation capabilities differentiate the company and contribute to strong, long-term customer relationships,” says 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.”
“We’re excited to partner with High Road and appreciate their emphasis on growth and commitment to operational excellence and product innovation,” says Steve Demko, President, Radix Wire. “With High Road’s support, we will expand our product offering, add manufacturing capacity, and invest in our sales force to take Radix to the next level.”
“This investment highlights High Road’s focus on acquiring and building niche-leading companies,” adds Schnakenberg. “Radix has tremendous opportunities to leverage its leadership position to expand into under-penetrated end markets and applications, and we expect to accelerate that growth with acquisitions in adjacent product categories.”
Demko will continue to lead the company post-closing. He and other members of Radix Wire’s senior management team invested in the transaction alongside High Road. The company will be renamed Radix Wire & Cable to better reflect its product portfolio.
