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.

About Quick Cable Corporation:

Quick Cable (quickcable.com) is the leading manufacturer of connectors, cable, cable assemblies, and
tools for the energy storage industry. It is a DC (Direct Current) specialist. Quick Cable components,
assemblies, and systems are used wherever high performance and reliability are critical, in power
generation, renewable energy, transportation, farm, construction, logistics, and aviation. Quick Cable
battery enclosures, racks and containment systems, together with related battery maintenance and safety
products, assure the safe and optimal use of energy storage. Quick Cable is headquartered in
Franksville, Wisconsin, with manufacturing plants in Franksville and Mississauga (Toronto), Ontario. 


Rick Pastor, Marketing Manager
Quick Cable Corporation
262-824-3100 x 368
Shane Slominski, Principal
Tonka Bay Equity Partners