Weinberg Capital Group Successfully Acquires Gavitt Wire & Cable Co. in Strategic Deal

Weinberg Capital Group Acquires Gavitt Wire & Cable Co.

Cleveland, March 19, 2025 – In an exciting development for the manufacturing sector, Weinberg Capital Group (WCG) has announced the acquisition of Gavitt Wire & Cable Co., a well-established wire and cable manufacturer with a legacy spanning over a century. This strategic move is aimed at enhancing WCG's portfolio in specialized sectors, including aviation, military, and medical.

A Legacy of Excellence

Founded in 1923 and headquartered in central Massachusetts, Gavitt Wire & Cable Co. has carved out a niche by providing high-quality, custom-engineered wire and cable products. Catering to industries known for their stringent specifications, the company ensures that its products are rigorously tested to meet both physical and environmental standards. This focus on customized solutions is a significant differentiator for Gavitt, fostering strong, long-lasting relationships with its clients.

The company has successfully served markets that demand premium products, capitalizing on its ability to reduce competition through outstanding service and reliability. The acquisition by WCG will allow Gavitt to expand its capabilities further and maintain its commitment to excellence.

The Future Post-Acquisition

Chip Weinberg, Managing Partner at WCG, expressed enthusiasm about the acquisition. He stated, "We are excited to partner with Ray Chesson, Tom Baker, and their talented team. Gavitt has a long history of success, and we are committed to building on that legacy by investing in its continued growth while preserving the company's strong reputation for quality, customer service, and on-time delivery."

After the deal closes, Ray Chesson will continue to lead as President of Gavitt, while Tom Baker will retain his role as Vice President of Sales. Both leaders expressed optimism about this new partnership with WCG, stating, "We are thrilled to join forces with WCG as we enter the next phase of growth. Their expertise and resources will strengthen our ability to serve our customers and expand our business. Most importantly, this transition will be seamless for our customers and partners, as our entire team will remain in place to drive future success."

WCG's Strategy and Vision

Weinberg Capital Group is renowned for investing in middle-market companies across the United States, focusing on businesses with annual revenues between $10 to $100 million and EBITDA of $2 to $10 million. Their strategy involves forming strong partnerships with management teams and leveraging flexible, long-term capital to maximize stakeholder value.

The firm is eager to identify additional acquisition opportunities for Gavitt, illustrating its growth-oriented strategy and commitment to enhancing operational capabilities in the manufacturing sector.

About Weinberg Capital Group

Headquartered in Cleveland, Ohio, Weinberg Capital Group operates as a family office investing in well-positioned middle-market companies. The firm’s diverse portfolio spans various sectors, including consumer products, manufacturing, business services, and value-added distribution. As part of its mission, WCG seeks to integrate companies like Gavitt into its ecosystem, thereby strengthening operations and facilitating future growth.

For more information about WCG and its investment strategies, visit www.weinbergcap.com.

Conclusion

This acquisition marks a significant milestone for both Weinberg Capital Group and Gavitt Wire & Cable Co. As they join forces to navigate the evolving manufacturing landscape, stakeholders can expect continued innovation and improvement in product offerings. WCG's commitment to maintaining the high standards set by Gavitt will undoubtedly lead to exciting developments in the years to come.