Canadian Electrical Wholesaler

Jan 9, 2019

IdealCBPE Capital has acquired a majority ownership position in Ideal Networks, a market leading provider of portable handsets for data cable and network testing, validation and certification. CBPE is acquiring the business from its former parent, Ideal Industries Inc., and will be investing alongside the incumbent management team led by Paul Walsh, CEO. 

“We are delighted to be working with CBPE and look forward to establishing IDEAL Networks as a successful, independent market leader,” says Walsh. “Ideal Industries has been a supportive owner and has enabled us to reach this stage of our development. With CBPE, we are confident that we have found a partner that will provide valuable input as we pursue our exciting growth plans.”

Ideal Networks provides easy to use hand-held testers that improve the productivity of those installing, testing and maintaining network cabling and services. The global business has sales across Europe, the Middle East, Africa, North America, Latin America and Asia. 

“Business will continue as normal across the world with no interruption of supply through our distribution partners,” says Walsh. “Customers will continue to receive the outstanding service they have come to expect, and product names will remain unchanged. What will change is our ability to respond even faster to market needs through innovation and we will see the company brand evolve over the coming years, but not straight away.”

Ideal Networks is the first to offer a “Pay As You Test” option for its cable certifier as part of its award winning Test4Less program. Following in-depth customer research, the company has several innovative new product launches planned for 2019

The management team involved in the acquisition include Chief Executive Officer Paul Walsh, Chief Finance Officer Scott Paterson, Development Director Peter Kent, Operations Director Russell Stratton and Marketing Director Tim Widdershoven. .

According to Mathew Hutchinson, Partner at CBPE Capital LLP, “Ideal Networks has successfully established a reputation for quality and service in an attractive and growing market, and we are confident that the business will thrive under independent ownership. We will work with the management team and support their commitment to continue to offer innovative products and services which match the needs of the customer base.”

For more information, visit www.idealnetworks.net.

Changing Scene

  • Prev
A unit of WESCO International, Inc. has entered into an agreement to acquire the Canadian and U.S. ...
IoT Breakthrough, an independent organization that recognizes the top companies, technologies and ...
A Schneider Electric Canada Inc. solution chosen by the Vancouver Fraser Port Authority is reducing ...
CBPE Capital has acquired a majority ownership position in Ideal Networks, a market leading ...
In support of the company’s five-year strategic plan and in an effort to grow sustainably and ...
  BRITECH Corp is a Canadian market provider of fully integrated heat tracing cables and ...
  Hammond Power Solutions Inc. has announced its intention to discontinue and close its ...
Murray Chamney, President, Intralec Electrical Products Ltd., has announced his retirement, ...
Mark your calendar for the Coalition event of the year! Come for an evening of networking, the ...
Recognized for her career as a business leader and innovator, passionate about people, technology ...

 

 Young Leaders: Taylor Gerrie

Taylor GerrieOn a regular basis, our publications profile members of our industry through their responses to a Q&A. It’s a way of recognizing industry movers and shakers, and helping our readers get to know them better. 

Recently we launched an initiative with Electro-Federation Canada's Young Professionals Network to include profiles of up-and-coming leaders. We provided the list of questions below to Taylor Gerrie, Automation Account Specialist at Gerrie Electric Wholesale Ltd. in Burlington, Ontario. Here are Taylor’s responses.

Read More

 

 

 

 

Susan Uthayakumar, President of Schneider Electric Canada: Driving Success

Susan UthayakumarBy Owen Hurst

First and foremost, sitting down with Susan Uthayakumar feels more like sitting down and conversing with a friend than conducting an interview with the Canadian president of one of the world’s largest electrical manufacturers. Of course, she exudes the confidence and knowledge her position demands, but equally identifiable are an open and engaging nature.

In a recent sit-down, we learned a little about Susan’s history and what drives her to succeed.

Read More

 

 

 

 

Kerrwil Publications

538 Elizabeth Street, Midland,Ontario, Canada L4R2A3 +1 705 527 7666
©2019 All rights reserved

Use of this Site constitutes acceptance of our Privacy Policy (effective 1.1.2016)
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Kerrwil