About Southwire
Southwire is a Business Services company based in Kent (United States) founded in 2003 by Glen Bertini, and was acquired by Southwire in March 2022. Cable rehabilitation services are provided to industrial and utility clients. It operates on a Professional Services and Direct-to-Consumer (D2C) model. Southwire has raised $27.37 million across 5 funding rounds from investors including Southwire, Nomura and SJF Ventures. Southwire has completed 1 acquisition, including UtilX Corporation. Its chief executive, as recorded, is Glen Bertini. Southwire offers products and services including Cable Rejuvenation Services, Wire & Cable, and Tools & Equipment. Its focus areas include Industrial, Electrical Equipment and Cable and Wire Manufacturing. Its legal entity is Southwire Company, LLC.
Company details
Southwire is involved in the manufacturing and distribution of electrical wires and cables for various applications. Services such as cable rejuvenation are offered to extend the life of underground cables using silicone-based fluid injections. The company serves multiple industries including utilities, renewables, data centers, and healthcare. Solutions are provided for high voltage underground transmission and digital grid resiliency. Operational support and technical expertise are prioritized to ensure safety, efficiency, and cost-effectiveness for clients.
Products & Services of Southwire
Southwire offers a comprehensive portfolio of products and services, including Cable Rejuvenation Services, Wire & Cable, and Tools & Equipment.
Underground cables are revitalized using silicone-based fluid injection.
Various cables are provided for power and transmission.
Tools for cable installation and maintenance are offered.
Apps and channels of Southwire
its YouTube channel Southwire has 5.55K subscribers and 30 videos.
Videos from Southwire
The most watched videos on Southwire's YouTube channel, Southwire (5.55K subscribers). Click a video to play it here.
More on Southwire.
Funding Insights of Southwire
Southwire has successfully raised a total of $27.37M across 5 strategic funding rounds. The most recent funding activity was a Series D round of $20 million completed in March 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $27.37M
- Total Rounds 5
- Last Round Series D — $20M
- First Round $30,000
(Nov 2003)
- Investors Count 2
All 5 funding rounds of Southwire with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2015 | $20M | Series D | – | SJF Ventures | – |
| Apr 2008 | $6M | Series C | – | Nomura | – |
| Dec 2006 | $918,054 | Series B | – | – | – |
| Oct 2005 | $424,942 | Series A | – | – | – |
| Nov 2003 | $30,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
Investors in Southwire
Southwire has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Southwire, Nomura and SJF Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Impact venture capital is invested in early-stage US companies. | sjfventures.com | Durham, United States | ||
Diversified asset management services are offered globally by the firm. | 1925 | nomura.com | Chuo City, Japan | |
Provider of DC & AC power cables, wires & other telecom equipment and installation services | 1937 | southwire.com | United States |
Investor details for Southwire
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Southwire
2 people are tracked at Southwire (2 in leadership).
| Name | Role | Group |
|---|---|---|
Glen Bertini | Founder & CEO | Leadership |
Robert Hughes | Chief Operating Officer | Leadership |
Complete people profiles for Southwire
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Investments & Acquisitions by Southwire
Southwire has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include UtilX Corporation.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Utility services are provided across the United States since 1984. | utilx.com | Kent, United States | 1984 | Mar 2015 | •••• |
Complete acquisition details for Southwire
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Timeline of Southwire
5 dated milestones of Southwire across 19 years, from founding to its latest funding, stage changes and deals.
- Founded Southwire is founded.
- Funding First funding round of $30K.
- Acquisition Acquires UtilX Corporation.
- Funding Latest funding round, Series D, of $20.0M.
- Exit Acquired by Southwire.
Web traffic of Southwire
Websites that share an audience with Southwire (novinium.com).
Websites whose visitors overlap most with Southwire. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
tnb.ca | tnb.ca | 100% | #927,678 | – | |
hubbellpowersystems.com | hubbellpowersystems.com | 100% | #4,321,186 | – |
Top companies in Facility & Event Management Services
3 companies that operate in the same segment as Southwire (Facility & Event Management Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Live entertainment events and ticketing services are managed worldwide. | 2005 | Beverly Hills, California, United States | USD 25.2 B | 16,200 | ||
Elevators, escalators, and moving walkways are manufactured, installed, and serviced. | 1853 | Farmington, United States | USD 14.43 B | 72,000 | ||
Developer, operator, and franchisor of trampoline and active entertainment parks | 2004 | Provo, Utah, United States | 335 |
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Related news about Southwire
Complete news archive for Southwire
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Frequently Asked Questions about Southwire
Southwire was founded in 2003.
Southwire is headquartered in Kent, United States. It is registered at Kent, Washington, United States.
Glen Bertini is the CEO of Southwire, as recorded in our data. They have also founded this company.
Southwire is a funded company, having raised a total of $27.37M across 5 funding rounds to date. The company's 1st funding round was a Seed of $30K, raised on Nov 2003.
Southwire is involved in the manufacturing and distribution of electrical wires and cables for various applications. Services such as cable rejuvenation are offered to extend the life of underground cables using silicone-based fluid injections. The company serves multiple industries including utilities, renewables, data centers, and healthcare. Solutions are provided for high voltage underground transmission and digital grid resiliency. Operational support and technical expertise are prioritized to ensure safety, efficiency, and cost-effectiveness for clients.
Southwire offers Cable Rejuvenation Services, Wire & Cable, and Tools & Equipment.
Southwire has made 1 acquisition, including UtilX Corporation.
Southwire has 3 investors. Key investors include Southwire, Nomura, and SJF Ventures.
Southwire operates through Southwire Company, Llc.
Yes. Southwire was acquired by Southwire in March 2022.