EIS announced that it acquired Englewood, Colorado-based Communications Products and Services (CPS) on Oct. 3. Terms of the deal were not disclosed.
EIS, a subsidiary of Genuine Parts Company (GPC), is a distributor focused on markets including electrical OEM, specialty wire and cable, and fabrication. The acquisition of CPS, which provides outside plant products for aerial and underground broadband cable and wireless networks, will boost EIS’ cabling and wiring business, as well as give the company a stronger presence in the western U.S.
“We are very pleased to bring Communications Products and Services into our Genuine Cable Group and the EIS family. CPS is one of the most successful distributors in the markets they serve and their team has built a great regional business since their founding in 1986. This acquisition will strengthen our business in the west and is a very important business building opportunity for the Genuine Cable Group and EIS,” said Bob Thomas, chief executive officer of EIS, in a statement.
“I strongly believe that this is an excellent opportunity for both organizations. CPS brings more than 30 years of product and application knowledge and an established position in the markets we serve. CPS will complement the Genuine Cable Group/EIS reputation for customer service and geographic reach and Genuine Cable Group/EIS will enhance the ability of CPS to service our national accounts as well as expand our product offering and service capabilities. I believe this is a win for our companies and our customers,” said Fred Briggs, CEO of CPS, in a statement.
The acquisition comes just weeks before GPC is scheduled to announce its third-quarter earnings. For the second quarter, the company’s EIS segment saw its sales sag about 5 percent, due in part to the price of copper.