CBPE completed the acquisition of IDEAL Networks.

CBPE Capital, a private equity firm completed the acquisition of IDEAL Networks, a provider of network and telecommunication equipment, from IDEAL Industries, a manufacturer of electrical and data equipment. Financial terms were not disclosed. “We are delighted to be working with CBPE and look forward to establishing IDEAL Networks as a successful, independent market leader. IDEAL INDUSTRIES has been a supportive owner and has enabled us to reach this stage of our development. With CBPE, we are confident we have found a partner that will provide valuable input as we pursue our exciting growth plans,” Paul Walsh, IDEAL Network CEO.