Private Equity Group Acquires Smart Electronics PDF Print E-mail
Written by Mike Buetow   
Tuesday, 07 May 2013 09:34

LOS ANGELES -- A Los Angeles-based private equity firm has acquired Smart Electronics & Assembly for an undisclosed amount.

Anaheim, CA-based Smart Electronics is a contract electronics assembler for the the defense, commercial aerospace, industrial and homeland security markets. Smart Electronics will provide in-house manufacturing capability for Secure Communication Systems, a designer of rugged handheld computer systems and data encryption equipment.

While Smart Electronics will become a division of Secure Communication Systems, its daily operations will remain unchanged, says the acquiring firm, Vance Street Capital.

"The purchase of Smart Electronics provides both firms with a number of strategic advantages, including new cross-selling opportunities across a broader range of industries," said Brian Martin, principal at Vance Street Capital.

Smart Electronics' President Robert Swelgin. "Smart Electronics and Secure Communication Systems share a long history of innovation and an unwavering commitment to building long-term customer relationships by delivering quality products and outstanding service. Together we are even better positioned to meet customer demand for speed, reliability and security across defense and commercial industries."




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