Private equity firm Aterian Investment Partners announced Monday that one of its affiliates has acquired Johnstown Wire Technologies, Inc.
Johnstown Wire focuses on customized specialty wire products consisting of cold heading quality, plated, and premium direct-drawn products where metallurgical quality is the differentiating factor.
Walt Robertson, President of Johnstown Wire, said, "This transaction is a significant step in the Company's history. Aterian is a firm with a demonstrated track record of expanding product development and capabilities, investing in operations, and growing businesses alongside management. Aterian's support will allow Johnstown to continue to drive results through execution of its strategic plan and its relentless focus on product excellence and customer service."