Press Release: Sequel Partnering to Expand in 2025!

December 20, 2024

Sequel Wire and Cable continues to exceed customer expectations and meet growing demand. Formed with the vision of creating a company that would quickly become a meaningful player in the industry, Sequel has had significant success and several expansions. Based on its industry leadership and trajectory, Sequel was approached by well-respected industry veterans with a proposal.

Sequel is officially partnering with Gary Yetman and Jim Coleman to grow the business through an investment by Cuprum Holdings, LLC, to launch a new company, Sequel Wire and Cable Holdings, LLC. This transaction will provide enhanced access to financing, which will speed up planned expansions and create additional capacity to broaden the product offerings. Sequel’s current operating structure remains intact and is now renamed Sequel OEM Group, LLC under Sequel Wire and Cable Holdings. Rich Carr will serve as President and CEO of the Sequel OEM Group. Mike Frigo and Denise Feece will remain in their current roles.

Anticipated Growth and Workforce Opportunities

For employees and the Argos area, this new partnership is great news. Additional skilled employees will eventually be needed to meet the expanded manufacturing capacity as new product lines are introduced. The area continues to be a great place for the expansion of facilities and will remain as the Sequel OEM Group headquarters. Rich Carr shared, “Our new partners respect the established Sequel structure and mission as a foundation for our shared growth.” Sequel’s multi-year status of “Great Place to Work” certifications and the culture of empowering employees were appealing to the new partners' shared Vision.

“Sequel is committed to constantly evaluating and reacting to ever-changing customer needs and being agile to meet that demand,” said Carr. “This new framework is ideal. We retain what we have built and are able to expand with top industry talent, who we trust to grow with us while upholding our values.”

Vision for Expanded Product Offering

The new entity will be designated as Sequel Low Voltage Group, LLC and will also be under Sequel Wire and Cable Holdings. Jim Coleman is the President and CEO, and Gary Yetman is Executive Chairman of Sequel Wire and Cable Holdings.