GCG, a Chicago-based, value-added wire, cable, connectivity, and automation distributor announced the acquisition of Paige Electric, a value-added solutions provider of wire and cable products in several specialty markets.
Founded in 1958, Paige is a full-service solutions provider with engineering and design capabilities and leading experts in the precision agriculture, irrigation, data communications, renewables, and general industrial markets. Based in Mountainside, NJ, Paige has additional locations in Nebraska, California, Pennsylvania, Florida, Nevada, Texas, and Mexico.
“The Paige team’s ability to design and develop products has set them apart in the market,” said Steve Maucieri, CEO of GCG. “Paige’s deep sector and application expertise combined with unique product development and value-added capabilities have established them as true partners with their customers, building strong relationships across the U.S and abroad.”
GCG and Paige share a cultural commitment to utilizing associate expertise to ensure customers get the right solutions. This valuable knowledge has been cultivated in both organizations and within specialized engineering teams.
On the alignment of the two companies, Paige President and CEO Brandon Nagler says, “GCG’s nationwide distribution network and value-added services reflect their focus on meeting customer needs. This aligns well with the Paige culture and will allow us to expand our solution offering to existing and new markets.”
Paige represents GCG’s sixth acquisition over the past 18 months. GCG has previously added to its portfolio Novalight Telecom Supply, a leading supplier for the build and maintenance of fiber optic and copper networks; Allied Wire and Cable, a specialty wire and cable distributor; C&E Advanced Technologies, and Advanced Controls and Distribution/Adcon Engineering, well-respected automation controls, robotics and cable providers; and Fourstar Connections.
William Blair served as financial advisor to Paige and Lincoln International served as financial advisor to GCG on this transaction.
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