West Chester’s OmniCable is set to be acquired by a subsidiary of Dot Holdings Co (DHC), which is owned by Dot Family Holdings (DFH), and join its portfolio of companies.
The transaction is expected to close in a month following the fulfillment of specific closing requirements. OmniCable will continue to operate as usual with no changes to the company’s organizational structure, products, services and mission.
DFH is focused exclusively on acquiring leading middle-market distribution companies with a special interest in master/two-step distribution and any national distribution models. DFH’s approach to acquiring and holding companies for the long term and investing for growth made them an ideal partner for OmniCable.
“After a thoughtful and diligent process, we are fortunate to enter into an agreement with DFH, an investment arm of the Tracy family, the founders and owners of Dot Foods. Dot Foods is one of the largest and most trusted names in redistribution,” said OmniCable Chairman and CEO Jeff Siegfried.