Preformed Line Products Co. has called on McDonald Investments, a division of Keycorp., to assist the $96 million market cap company in looking at options for its data communications business. Mark Filippell, head of M&A for McDonald, said at this point, “we’re looking at everything,” including a sale, of the data business, Superior Modular Products. Though he acknowledged that there has been strategic interest in the business, he declined to say if books would be sent out, given that Preformed has not yet decided which direction it would take. Cleveland-based Preformed makes maintenance equipment for energy, communications and broadband network systems.
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