SC&H Capital, a leading middle-market investment bank, is pleased to announce that its client, Mount Joy Wire Corporation (“MJW” or the “Company”), has been acquired by Wire Investors II LLC. SC&H was initially engaged in late November 2024 to assist MJW with refinancing its revolving credit facility, equipment loans, and real estate financing. The refinancing process included a comprehensive market test that generated multiple term sheets and provided meaningful insight into the Company’s credit profile. After selecting a preferred lender, the financing was ultimately declined late in diligence due to tariff-related concerns, prompting ownership to pursue a sale.
SC&H launched a formal sale process on June 3, generating strong interest from both strategic and financial buyers. Ownership initially entered into exclusivity with a buyer group; however, at SC&H’s recommendation, clearly defined diligence milestones were incorporated into the exclusivity period. When buyer concerns related to union labor could not be resolved, the Company was able to exit the LOI and re-open the process.
Following the termination of exclusivity, SC&H re-engaged another interested party that agreed to act as a stalking-horse bidder at its original valuation. The presence of a stalking horse re-energized the process and ultimately brought Wire Investors back to the table. While the stalking-horse bidder later withdrew due to staffing-related execution risk and near-term forecast concerns, Wire Investors remained confident in MJW’s customer base and long-term growth prospects.
After extensive negotiations, SC&H successfully structured and closed a transaction with Wire Investors on December 31, preserving a 34-year-old business and approximately 108 jobs.
