#United States #Investment #Miami, Florida #Greenbelt Capital #American Wire Group

Greenbelt Capital Partners Supports American Wire Group's Expansion

In an ambitious move to strengthen its foothold in the electrification sector, American Wire Group, LLC (AWG) has announced a strategic investment from Greenbelt Capital Management L.P. This partnership is set to enhance AWG's capabilities, further establishing it as a leader in the energy market and allowing for significant portfolio expansion.

Founded in 2001, AWG has built a reputation as a reliable single source provider of wire, cable, hardware, and associated equipment, servicing diverse sectors including power utility, renewable energy, data centers, and commercial enterprises. The company prides itself on its extensive inventory and strong engineering capabilities that enable it to deliver high-performance products while meeting project timelines efficiently.

Michael Dorfman, the CEO of AWG, expressed excitement about this partnership, stating that it marks a significant step forward for the company. He highlighted Greenbelt's strong connections within the electrical and utility landscape as pivotal to AWG's ongoing growth trajectory, stating, "We are confident that 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." This sentiment was echoed by Josh Dorfman, President of AWG, who noted the importance of Greenbelt's collaborative approach and experience with founder-led businesses. He looks forward to accelerating strategic initiatives under this new alliance.

The strategic investment comes at a time when the demand for reliable power infrastructure and renewable energy solutions is at an all-time high, necessitating technological advancements to modernize the electrical grid. As Andy Hopping, a partner at Greenbelt, aptly noted, "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 see a significant opportunity for AWG to lead innovation in this sector."

Greenbelt Capital Partners distinguishes itself as a private equity firm based in Austin, Texas, and New York, New York. The firm concentrates on investing in innovative companies that are pioneering the future of energy. With a robust $3 billion in assets under management and an impressive history of deploying over $6 billion in equity capital across various portfolio companies, Greenbelt has shown a commitment to partner with exemplary management teams to not only achieve growth but to create lasting value across its investments.

Notably, Kirkland & Ellis LLP acted as legal counsel for Greenbelt during the transaction, while Raymond James & Associates served as financial advisor. American Wire Group relied on Bricker Graydon Wyatt for legal counsel in this deal. This partnership, poised to capitalize on the increasing momentum for electrification, is set to reshape the dynamics of the energy sector, reinforcing American Wire Group's mission of meeting the changing demands of its clientele and the market at large.

About American Wire Group

American Wire Group is known for its comprehensive offerings in wire and cable solutions, serving various sectors including power utilities and renewable energy. With one of the largest inventories of wire and cable in the United States, AWG plays a crucial role in supporting complex infrastructure projects, underpinned by high standards of engineering and logistics support.

About Greenbelt Capital Partners

With a mission to shape a more resilient energy future, Greenbelt Capital Partners specializes in investing in transformative companies within the energy sector. The firm's strategic investments are founded on building strong management teams and creating market leaders that respond effectively to evolving energy needs. This strategic investment in AWG is another step towards that vision, setting the stage for future advancements in electrical and renewable energy solutions.