Houston Wire & Cable Company
 | |
| Public | |
| Traded as | NASDAQ: HWCC |
| ISIN | 🆔 |
| Industry | industrial equipment wholesale |
| Founded 📆 | 1975 |
| Founder 👔 | |
| Headquarters 🏙️ | Houston, Texas, |
Area served 🗺️ | |
| Services |
|
| Revenue🤑 | $393.23 Million (As of 2013[update]) [1] |
| Members | |
Number of employees | |
| 🌐 Website | http://www.houwire.com |
| 📇 Address | |
| 📞 telephone | |
Houston Wire & Cable Company is a wire and cable provider in the United States.[2][3][4] The company was founded in 1975 and based in Houston, Texas.[5] As of year 2011, the company provides service to about 6,000 customers with a customer base covering the industries of communications, energy, engineering, utility and transportation.[4] It was ranked in list of Top 200 Best Small Companies in America in 2009 by Forbes[2] The market capitalization of company is $240.05 million with an enterprise value(As of February 2014[update]) of $278.93 million.[1] In February, 2014, the company joined Affiliated Distributors (AD), a dynamic[peacock term] community of independent distributors and manufacturers of construction and industrial products.[6] In 2021 the company was acquired by Omni Cable LLC.[7]
History[edit]
The company was founded in 1975. In 1987, it completed its first initial public offering and was subsequently purchased in 1989 by ALLTEL Corporation.[8]
In 1997, the company was purchased by investment funds affiliated with Code, Hennessy & Simmons LLC, and then conducted a second public offering in 2006.[8]
In 2010, the company acquired Southwest Wire Rope, LLP and Southern Wire, LLC to broaden its product line.[9]
In February, 2014, it opened its newest distribution center in Odessa, Texas. The center can provide the customer with standard same-day shipment and will-call pickup in Odessa.[10]
In 2020, it sold its Southern Wire business, a wholesale distributor of wire rope and rigging products, for a purchase price of $20 million.[11]
In 2021, the company was acquired by Omni Cable LLC for $91 million USD.[7]
References[edit]
- Notes
- ↑ 1.0 1.1 "HWCC Key Statistics | Houston Wire & Cable Company, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
- ↑ 2.0 2.1 Vlcek, Martin (2013-09-25). "Houston Wire & Cable Has Room To Double Revenue By Scaling Up U.S. Operations (NASDAQ:HWCC) | Seeking Alpha". seekingalpha.com. Retrieved 2023-04-09.
- ↑ "2009 Best Small Companies Part 5". oldschoolvalue.com. 2009-11-30. Retrieved 2023-04-09.
- ↑ 4.0 4.1 "Houston Wire & Cable Company Reuters.com". Reuters.com. Archived from the original on October 14, 2008. Retrieved 2014-02-17. Unknown parameter
|url-status=ignored (help) - ↑ "HWCC Profile | Houston Wire & Cable Company, Inc Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-17.
- ↑ "Houston Wire & Cable Company Joins Affiliated Distributors - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-02-21.
- ↑ 7.0 7.1 Smith, Eric (2021-03-25). "Houston Wire & Cable to Be Acquired for $91 Million". Modern Distribution Management. Retrieved 2023-04-09.
- ↑ 8.0 8.1 "Houston Wire & Cable Co. Annual Report for 2012. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]". SEC.gov. 2013-03-18. Retrieved 2014-02-21.
- ↑ "Houston Wire & Cable Co. Official Website". houwire.com. Archived from the original on 2006-03-11. Retrieved 2014-02-21. Unknown parameter
|url-status=ignored (help) - ↑ "Houston Wire & Cable Company Opens A New Texas Distribution Center. Industrial Distribution". inddist.com. 2014-02-12. Retrieved 2014-02-21.
- ↑ "Houston Wire & Cable Selling Southern Wire Unit for $20M". Industrial Distribution. 2020-12-10. Retrieved 2023-04-09.
External links[edit]
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