Quick Cable Ties Company Sale to Growth Strategy
FRANKSVILLE, WI (April 16, 2012) Despite uneven economic conditions that have plagued U.S. manufacturers
over the last six years, Quick Cable Corporation has sustained a remarkable growth record, more than doubling the
size of the company. In order to build on that track record and continue its expansion into global markets, the
company announced it has been acquired by Minneapolis-based Tonka Bay Equity Partners.
“To continue to reach our sales, profitability and growth targets, we looked for a company to help with the strategy
and capital to make that happen,” said Robert Hoganson, formerly the company’s Chief Operating Officer and now,
newly-appointed President. “Tonka Bay was the right company and we feel it is a perfect fit.”
Quick Cable will remain an independent company, retaining its management team and workforce in its Franksville,
WI and Mississauga (Toronto), ON locations. Quick Cable employs 130 people in the U.S. and Canada.
Prior to the acquisition, Quick Cable was privately held by John Shannon. Shannon will retain an ownership interest
in the company and will serve as a Business Development Advisor. The balance of the executive management team
remains in place, with Pat Mattern as Chief Financial Officer, and Ken Bons as Vice President of Sales and
“Most important for our customers, suppliers, employees and friends is that this is not disruptive—we look at this as
an opportunity to grow, and build on our legacy of quality products, reliable delivery and innovative thinking in the
battery and DC power industry,” Shannon said. “We are adding depth of experience and resources with this move.”
Promontory Point Capital, based in Milwaukee, Wisconsin, served as investment bankers for the transaction; Jenkins
& Vojtisek, Racine, Wisconsin, served as financial advisors; and Reinhart Boerner Van Deuren s.c., Milwaukee,
Wisconsin and DeMark Kolbe & Brodek, S.C., Racine, Wisconsin, acted as legal counsel.
Tonka Bay Equity Partners, based in Minnetonka, MN, is a private equity firm that acquires and invests in growthoriented
businesses in the highly-engineered manufacturing, business services and value-added distribution sectors.
For more information, call (952) 345-2032 or visit tonkabayequity.com.