• PCT International

  Led · Equity · Jul 2021

  PCT International manufactures proprietary coaxial cable and cable connectors used in global telecommunications infrastructure; its products have been installed in millions of homes and businesses. The company reports it has manufactured over 1,000,000 miles of coaxial cable and sold more than three billion cable connectors. PCT is operating under a Chapter 11 plan and recently secured court approval for financing tied to that plan. The company has a pending malpractice claim against law firm Robins Kaplan, and the strength of that claim was cited as a basis for new funding. PCT engaged Beus Gilbert McGroder, PLLC in August 2019 on a full contingency basis to represent it in the malpractice matter. Management describes these developments as supporting upward momentum and future growth. PCT International develops and globally supplies last-mile technology products for broadband, CATV, satellite and structured wiring customers. The company serves customers in more than 60 countries and maintains 46 offices across 14 countries. Established in 1997 by CEO Steven Youtsey, PCT focuses on manufacturing and supplying hardware for last-mile broadband connectivity. The recent financing will fund expansion of manufacturing capacity, increased research and development, and growth of its product line. PCT is using the new capital to support a strategic global initiative and to recapitalize its existing lenders. No revenue or user metrics were disclosed in the article.

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