Mount Joy Wire Corporation (“MJW” or the “Company”) is a family-owned, domestic manufacturer of specialty carbon steel wire serving a diverse set of end markets, including aerospace, medical devices, automotive, construction, and recreation. The Company is uniquely positioned with sole-source supplier relationships with multiple customers, providing long-term revenue stability and favorable pricing dynamics.
Despite industry-wide turbulence in the automotive sector, MJW’s financial performance showed continued improvement, underscoring the Company’s resilience and operational discipline across market cycles.
SC&H was initially engaged to assist MJW with refinancing its revolving credit facility, equipment loans, and real estate financing. The refinancing effort included a comprehensive market test that generated multiple term sheets and yielded valuable insight into the Company’s credit profile. MJW then requested SC&H launch a sale process, which generated strong interest from both strategic and financial buyers. With a stalking horse bid in place, WCJ Pilgrim Wire stepped up to overbid, remaining confident in MJW’s customer base and long-term growth prospects, and after extensive negotiations, SC&H successfully structured a transaction with WCJ Pilgrim Wire, which closed on December 31, preserving a 34-year-old business and approximately 108 jobs.
