What is Ace Wire & Cable?
Ace Wire & Cable Co., Inc. is a veteran master stocking distributor of wire, cable, and connectivity products, operating primarily in the Northeast region of the United States, encompassing New York, New Jersey, Pennsylvania, and southern Connecticut. Established in 1952 and guided by three generations of the Firestone family, the company offers a comprehensive suite of in-house services aimed at streamlining project management from inception to completion. With over 65 years of industry experience, Ace Wire & Cable is dedicated to customer satisfaction, serving diverse sectors including power, voice, data, video security, building wire, and fire alarm systems. Their operational strengths lie in effective logistics and efficient purchasing processes, ensuring client needs are met with precision.
How much funding has Ace Wire & Cable raised?
Ace Wire & Cable has raised a total of $2.3M across 2 funding rounds:
Debt
$1M
Debt
$1.3M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
What's next for Ace Wire & Cable?
The recent major strategic investment signifies a pivotal moment for Ace Wire & Cable, likely enabling the company to further solidify its market leadership and potentially expand its service offerings or geographic reach. This infusion of capital, following previous debt financing, suggests a strategic move towards growth and operational enhancement. The company is well-positioned to leverage this backing to deepen its relationships within its core sectors and explore new opportunities in the evolving landscape of connectivity and infrastructure.
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