What is Ace Wire & Cable?
Founded in 1952 and operated by three generations of the Firestone family, Ace Wire & Cable Co., Inc. stands as a master stocking distributor of wire, cable, and connectivity products. Serving the Northeast region, including New York, New Jersey, Pennsylvania, and southern Connecticut, the company offers comprehensive in-house services to streamline project management from inception to completion. With over 65 years of industry experience, Ace Wire & Cable caters to diverse sectors such as power, voice, data, video security, building wire, and fire alarm systems, emphasizing effective logistics and efficient purchasing processes to meet client demands.
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 strategic investment signifies a pivotal moment for Ace Wire & Cable, positioning the company for accelerated growth and enhanced service capabilities. This capital injection will likely support the expansion of its product lines, optimization of its supply chain, and potentially the exploration of new market territories. As a long-standing entity with deep roots in the Northeast, Ace Wire & Cable is poised to leverage this financial backing to solidify its leadership in the wire and cable distribution sector.
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