Weinberg Capital Group Announces Acquisition of Gavitt Wire & Cable Co.

CLEVELAND, March 19, 2025 /PRNewswire/ -- Weinberg Capital Group ("WCG") is pleased to announce its acquisition of Gavitt Wire & Cable Co. ("Gavitt" or the "Company"), a century-old wire and cable manufacturer serving the aviation, military, industrial, sports & entertainment, and medical end markets.

"We are excited to partner with Ray Chesson, Tom Baker, and their talented team," said Chip Weinberg, Managing Partner at WCG. "Gavitt has a long history of success, and we are committed to building on that legacy by investing in its continued growth while preserving the company's strong reputation for quality, customer service, and on-time delivery."

Post close, Ray Chesson will continue as President of the Company and Tom Baker will continue in his position as Vice President of Sales.  Together they commented on the transaction: "We are thrilled to join forces with WCG as we enter the next phase of growth. Their expertise and resources will strengthen our ability to serve our customers and expand our business. Most importantly, this transition will be seamless for our customers and partners, as our entire team will remain in place to drive future success."

Weinberg Capital Group is actively seeking add-on acquisitions for Gavitt.

About Gavitt Wire & Cable Co.

Founded in 1923 and headquartered in central Massachusetts, Gavitt Wire & Cable Co. specializes in the design and manufacture of highly engineered, custom wire and cable products. Gavitt serves industries with demanding specifications, ensuring products meet rigorous physical and environmental testing. The company focuses on custom-built solutions—an important distinction that reduces competition and fosters long-standing customer relationships.

About Weinberg Capital Group

Weinberg Capital Group is a Cleveland, OH-based family office investing in well-positioned middle-market companies across the U.S. The firm targets businesses with annual revenue of $10 to $100 million and EBITDA ranging from $2 to $10 million. WCG partners with management teams and leverages its flexible, long-term capital to maximize value for all stakeholders. The firm's current portfolio spans industries including consumer products, manufacturing, business services, and value-added distribution.

For more information, visit www.weinbergcap.com.

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SOURCE Weinberg Capital Group