January 28, 2019 – Private equity firm CBPE Capital has acquired majority ownership of Ideal Networks—which provides handheld testers for data cable and network installers (examples pictured)—from its parent company, Ideal Industries. The sale was completed on Dec. 20, 2018.
“Ideal Industries has been a supportive owner and enabled us to reach this stage of our development,” says incumbent CEO Paul Walsh, who will continue to manage the business with chief finance officer (CFO) Scott Paterson, development director Peter Kent, operations director Russell Stratton and marketing director Tim Widdershoven. “With CBPE, we have found a partner that will provide valuable input.”
Already global in scale, Ideal Networks sells its testers across North America, Latin America, Asia, Europe, the Middle East and Africa.
“Business will continue as normal across the world, with no interruption of supply through our distribution partners, and product names will remain unchanged,” Walsh promises. “We will see the company brand evolve over the coming years, but not straight away.”