CVC Capital Partners, through its Fund VIII has acquired an interest in Radwell International, a distributor of automation components, from CEO Brian Radwell and Greenbriar Equity Group.
Radwell is a specialty distribution and light manufacturing business that provides new and refurbished industrial automation components. The company focuses on the aftermarket for mission-critical components and keeps customers’ facilities operating efficiently. CVC is a leading private equity and investment advisory firm with approximately US$122 billion of assets under management.
Brian Radwell commented, “We have truly enjoyed working with Niall McComiskey and the Greenbriar team and are thrilled that they have reinvested in Radwell. Our partnership with Greenbriar enabled Radwell to significantly accelerate growth and innovation which allowed us to scale rapidly. We are also very excited to bring on CVC as a new partner, whose global resources and experience building businesses will enable us to pursue new avenues of growth in the U.S. and worldwide. CVC’s values are fully aligned with our business and I am confident that we have chosen the perfect partner for the next stage of our development.”
Baird and Houlihan Lokey served as financial advisors to Radwell. Barclays and Morgan Stanley & Co. served as financial advisors to CVC.