– Audax Private Equity has entered into a definitive agreement to sell GCG, a U.S. provider of specialty wire and cable, connectivity, power and engineered solutions for critical infrastructure.
– Rexel, a publicly listed energy-management products and services distributor, is acquiring GCG; the transaction is expected to close by year-end.
– GCG is headquartered in Chicago and serves data centers, power & utilities, grid modernization, communications, defense and other growing infrastructure markets.
– GCG is on pace to generate more than $1.1 billion in 2026 revenue, with 16 global locations and approximately 950 employees.
– Audax acquired GCG in 2019 through the carve-out of Genuine Parts Co.’s Electrical Specialties Group, subsequently separating GCG and EIS into independent platforms.
– Since the acquisition, Audax supported GCG’s standalone infrastructure, completed 12 acquisitions through a Buy & Build strategy, and refined its go-to-market strategy around Specialty Wire and Cable.
– Don Bramley, Partner at Audax Private Equity: “The sale of GCG marks a tremendous outcome for the company, its employees, as well as our investors.”
– Glenn Pennycook, CEO of GCG: “Audax has been a thoughtful and collaborative partner throughout its ownership and brought insights and resources to bear that allowed GCG to pursue such an ambitious vision for growth.”
– The GCG sale represents the seventh realization announced or completed by Audax Private Equity’s Flagship strategy in 2026, following realizations including Flow Control Holdings, StatLab Medical Products, Harbourfront Wealth Group, FDH Aero and Colony Hardware.
– Young Lee, Partner and Co-President of Audax Private Equity: “Our systematic approach and depth of resources can also position us to drive durable growth through market cycles.”
