MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family-, founder-, and management-owned industrial companies, announced today the sale of AZ Wire & Cable (“AZ”) to LindFast Solutions Group (“LSG”), a Nautic Partners portfolio company. Financial terms of the transaction were not disclosed.

Founded in 1988, AZ Wire & Cable is a premier master distributor of industrial, commercial, and specialty wire and cable, offering a full range of value-added services including cutting, reeling, paralleling, striping, and coiling. The company is headquartered in Northbrook, Illinois, with additional locations across New York, North Carolina, Florida, Texas, Colorado, Arizona, California, and Oregon.

Since partnering, AZ management and MFG have worked together to accomplish several key objectives, including the expansion of AZ’s geographic footprint with new locations in California and Florida. Additionally, AZ has made strategic acquisitions that have enhanced its product and service offerings, alongside targeted investments in inventory to drive further growth.

Todd Anixter, Executive Vice President of AZ, said, “Our partnership with MFG has been instrumental in AZ’s development and success. As we enter this next chapter, we are excited about the opportunities ahead and look forward to continuing to build on AZ’s strong foundation.”

“This transaction represents a successful and exciting outcome for AZ and MFG,” said Jeff Mizrahi, Partner at MFG. “Since our investment in 2022, AZ has meaningfully strengthened its market position, expanded its value-added service capabilities, and continued to deliver exceptional service to its customers and vendor partners. We are proud of what the AZ team has accomplished and believe LSG is the right strategic partner to support AZ’s next chapter of growth.”

Jonathan Schilowitz, Partner at MFG, added, “Our partnership with AZ embodies our core philosophy of empowering family- and founder-owned businesses to reach their full potential. By expanding its geographic presence and product and service offerings, AZ has unlocked significant growth. We are confident that AZ is well-positioned to continue its growth trajectory with LSG.”

Lincoln International acted as financial advisor and Goodwin Procter LLP acted as legal counsel to AZ and MFG.

About MFG Partners

MFG Partners is a private equity firm that makes control investments in family-, founder-, and management-owned industrial, manufacturing, distribution, and business-to-business services companies across North America. The firm was founded in 2016 by Jeff Mizrahi and Jonathan Schilowitz and is headquartered in New York City.

More information about MFG Partners can be found at mfgpartners.com.

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