Private investment firm Kinderhook Industries LLC purchased Copperweld Bimetallics LLC for an undisclosed amount.
Following the transaction, Copperweld will continue to be led by its current management team.
Copperweld, which supplies bimetallic wiring products and copper-clad steel and copper-clad aluminum wire, aims to continue to expand its customer base and capabilities.
Twin Brook Capital Partners was administrative agent on $39 million of debt financing to support the transaction. Kirkland & Ellis LLP was legal adviser to Kinderhook.
