Olympus Partners, a private equity firm focused on providing equity capital for middle-market buyouts and companies needing capital for expansion, has acquired a majority ownership stake in International Wire Group Holdings Inc. from Atlas Holdings.
Headquartered in Camden, N.Y., IWG is a copper and copper alloy wire products manufacturer in the U.S. and maintains operations in Europe, supported by global engineering capabilities. The company services a range of applications in energy, green electrification, industrial, automotive, aerospace, data communications and other markets. Following the close of the transaction, Gregory Smith will continue as president and chief executive officer of IWG. Atlas will continue as an investor in the company.
“We’re excited about the opportunity to further bolster IWG’s position as an industry leader and continue to drive their industry-leading growth,” states Dave Cardenas, managing partner at Olympus.