COSTA MESA, Calif.--(BUSINESS WIRE)--D.A. Davidson & Co. announced that it has served as exclusive financial advisor to Cable Exchange, a leading quick-turn supplier of fiber optic and copper assemblies for data, voice and video communications, in its sale to CommScope, a global leader in infrastructure solutions for communications networks. The transaction was led by Brad Gevurtz, Managing Director of D.A. Davidson’s Technology Investment Banking Group and James Keckler, Director of the firm’s Orange County, Calif. office.
Cable Exchange, headquartered in Santa Ana, Calif., manufactures a variety of fiber optic and copper cables, trunks and related products used in high-capacity data centers and other business enterprise applications. The company, founded in 1986, specializes in quick-turn delivery of its infrastructure products to customers from its two U.S. manufacturing centers located in Santa Ana, Calif. and Pineville, N.C.
“Cable Exchange has developed an outstanding reputation for providing high quality products to the world’s foremost hyperscale data center operators with industry-leading turnaround times,” said Brad Gevurtz, Managing Director at D.A. Davidson. “By partnering with CommScope, Cable Exchange will be able to expand its reach to support these customers as they continue to aggressively build out their data center infrastructure.”
“D.A. Davidson played a critical role in helping us realize this partnership with CommScope,” said Dan Bowlin, Chief Financial Officer of Cable Exchange. “The Davidson team’s expertise and capabilities allowed us to efficiently come to an agreement while maintaining our focus on serving our customers.” The acquisition is expected to be completed within the next 60 days, subject to customary closing conditions.
D.A. Davidson’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise and has extensive transaction experience serving middle market clients worldwide.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland, and Seattle, the company has more than 1,300 employees and offices in 23 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
For more information, visit www.dadavidson.com or Twitter: @DADavidsonCo.