Southwire Announces Acquisition of Novinium, Inc.

CEW-29-Southwire-NoviniumLogo-400.jpg

March 31, 2022

Supporting the company’s growth strategy and strengthening its commitment to remain generationally sustainable, Southwire is pleased to announce the acquisition of Novinium Holdings, Inc. of Kent, Wash. – a cable rejuvenation solutions provider focused on electric utilities.

Novinium is the only full-service underground expert that partners with utility companies to keep their distribution system operating at peak performance, using the most capitally efficient and environmentally friendly methods available. Novinium continues to advance its cable rejuvenation technology, methods and delivery through its signature CableCure service.

“We are very excited about the acquisition of Novinium at Southwire. Novinium’s cable rejuvenation system which extends the life of underground cables is an amazing value proposition for our existing and prospective customers whom we aim to serve,” said Thomas Courtney, vice president of Services. “This acquisition reaffirms Southwire’s leadership in the cable industry and will be a foundational element for the further development of field services within the newly formed Southwire Service & Solutions business.”

“We are excited to welcome Novinium to Southwire. The skills, tools and expertise of the Novinium team will complement Southwire’s existing suite of wire and cable solutions, allowing us to support the growing need for electric system reliability and resiliency,” said Rich Stinson, Southwire’s president and CEO. “Novinium’s unique service offering will further expand Southwire’s role as a key resource to our utility partners and continue to bolster our growing Services business.”

For more information on Novinium, Inc., visit https://www.novinium.com.

Related Articles


Changing Scene

  • Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    Acuity Brands to Announce Fiscal 2023 Third-Quarter Results on June 29, 2023

    May 31, 2023 Acuity Brands announced that it is planning to release its fiscal 2023 third-quarter earnings results on Thursday, June 29, 2023, at 6:00 a.m. (EST), followed by a conference call at 8:00 a.m. (EST). Neil Ashe, Chairman, President, and Chief Executive Officer of Acuity Brands will lead the call. The webcast, earnings release, and supplemental presentation can… Read More…

  • Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    Thermon Reports Fourth Quarter and Full Year Fiscal 2023 Results

    May 31, 2023 Record Revenue, Adjusted EBITDA, and EPS for Fiscal 2023 Accelerating progress of Decarbonization, Digitization and Diversification initiatives Introducing Fiscal 2024 revenue guidance of $455 – $485 million Thermon Group Holdings recently announced consolidated financial results for the fourth quarter (“Q4 2023”) of the fiscal year ending March 31, 2023 (“Fiscal 2023”). As… Read More…


Peers & Profiles

  • Schneider Electric, a leader in the digital transformation of energy management and automation, is Canada’s top international corporate citizen in 2022. This designation was awarded to Schneider Electric by Corporate Knights, a media and research company committed to advancing a sustainable economy. Read More…

  • The Sonepar Ontario Region is proud to announce the relocation of their SESCO Central Distribution Centre (CDC) to its new location in Brampton, ON. This move has facilitated an amalgamation between Texcan’s large Brampton branch and SESCO’s CDC, as both businesses work together within one facility for the first time. Read More…