Argosy Components sold to IEWC Inc
Argosy Components Limited, a supplier to broadcast media organisations, has sold to IEWC Inc, a global supplier of electrical wire and cable, wire management and broadcast and AV products, in a deal advised by M&A advisor BCMS.
Argosy Components Limited is a specialist supplier of high-quality infrastructure products and technical solutions to the global broadcast industry. Its customers include systems integrators, post-production facilities, content providers and internationally recognised broadcasters. Headquartered at Long Crendon, Buckinghamshire, the company also has two further international offices; one in Dubai, UAE, and the other located in Kuala Lumpur, Malaysia.
“From the start of this process we felt that BCMS provided a true team effort with support and guidance” – Ken Eckardt, Argosy
The acquirer, IEWC Inc., is a premier global solution provider of total connectivity solutions that brings wire, cable, wire management products, including active and passive component materials to the Broadcast and Communications industries, OEMs, sub-assemblers, and contract manufacturers. Headquartered in the USA, IEWC Inc. operates globally and supplies television networks, film studios, and production houses.
In addition to its nine offices within the USA, the corporation also has locations across Canada, Asia Pacific, the Caribbean, Latin America, and Europe.
At the time of the transaction in 2015, Ken Eckardt, Company Secretary at Argosy Components Limited, commented: “From the start of this process we felt that BCMS provided a true team effort with support and guidance across the many areas that led us to a successful conclusion. We very quickly recognised that IEWC was exactly the right company to acquire Argosy and BCMS stood alongside us, ensuring that all phases of the acquisition process progressed as smoothly as possible. Thank you BCMS and our best wishes to IEWC and Argosy for a very successful future.”
Paul Bryant, Executive Vice President and Chief Commercial Officer at IEWC Inc., commented: “IEWC is committed to bringing innovative, total connectivity solutions to global Broadcast and Communications markets. Over the past 30 years, Mike Purnell and his long-time business partner Ken Eckardt have built a solid business model supported by best-in-class supplier partnerships and a strong product portfolio that is underpinned by a technically competent workforce. IEWC is excited about the opportunity to merge its operations with Argosy for the benefit of customers all around the world.”