CHICAGO, IL – December 6, 2019; City Capital Advisors, a leading results-driven boutique investment bank serving middle market companies, announced today that it acted as exclusive financial advisor to Marmon Holdings, a Berkshire Hathaway company, in the sale of its wholly owned subsidiary Owl Wire and Cable to International Wire Group, an affiliate of Atlas Holdings. Terms were not disclosed.
Owl Wire and Cable, a recognized leader in copper wire for 65 years with a longstanding reputation for excellence, operates three manufacturing facilities in upstate New York with a total of more than 350,000 sq. ft. of manufacturing space. International Wire Group is the nation’s largest producer of bare copper wire and copper wire products, providing Owl Wire and Cable with a platform for continued product development and growth. “This is a win-win for our team here at Owl, the customers we serve and the communities here in New York in which we operate,” said Bob Raiti, President of Owl Wire and Cable.
About City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results-driven investment banking advisory firm. Each of City Capital’s Managing Directors has more than 25 years of investment banking experience, offering clients judgement and transaction management expertise honed from successfully executing more than 500 merger & acquisition and capital raising transactions, collectively, over their professional careers. Our client engagements are managed exclusively by our experienced senior investment bankers, and we pride ourselves on our consistent record of achieving superior results for our clients.