By Peter Saunders
Aug. 9, 2019 – Dot Family Holdings (DFH) has signed an agreement to acquire OmniCable, a redistributor of wire, cable, electrical products and value-added services for distributors in Canada and the U.S.
“We are fortunate to enter an agreement with DFH, an investment arm of the Tracy family, the founders and owners of Dot Foods, one of the largest and most trusted names in redistribution,” explains Jeff Siegfried, chair and CEO of OmniCable. “DFH and Dot Foods share our passion for customer service and respect for the distribution channel that is so important to our business.”
DFH focuses on acquiring leading middle-market distribution companies, with a special interest in master, two-step and national distribution models. Under the agreement, OmniCable will be acquired by a subsidiary of DFH-owned Dot Holdings.
“We are very excited to add OmniCable to our portfolio of companies,” says John Tracy, DFH’s chair and CEO. “We look forward to its continued growth and the shared learning we know will come from this new relationship.”
The transaction is expected to close later this month, following the fulfilment of specific closing requirements. Under the agreement, OmniCable will continue to operate as usual, with no changes to its organizational structure, products or services.