AZ Wire & Cable, a U.S. master distributor for industrial, commercial and specialty wire and cable, was acquired in October by investment group MFG Partners (MFG).

A press release said that MFG “has completed a strategic investment in AZ (Wire & Cable), which is based in Northbrook, Illinois, and has additional locations in New York, North Carolina, Texas, Colorado, Arizona, Florida and Oregon. As part of the transaction, Executive Vice Presidents Darren, Todd and Eric Anixter have retained significant equity ownership in the business, and will continue to run the day-to-day operations of the business.

“We believe that partnering with MFG, given their expertise and experience investing in middle market industrial companies, is an investment in growth and we are excited for the future,” said Todd Anixter.