TRS Capital Acquires Majority Stake in Alta Electronics
FORT WALTON, FL – Investment firm TRS Capital has acquired a majority stake in Alta Electronics, a provider of wiring harnesses and cable assemblies, and distributor of electrical components to the transit, automotive, telecommunications, defense, heavy equipment, and aerospace industries.
No financial terms were disclosed. The current management team will remain in place.
"We chose to invest in Alta Electronics because of its excellent reputation for providing quality products and superior service, and its strong leadership team," said Robert Sires, founder and CEO, TRS Capital. "It also aligns with several of our other investments, having a similar customer base. We plan to help Alta expand into the US market and widen its international reach. Due to our existing relationships within the industries it serves, we expect to help Alta achieve significant growth."
"We've been discussing some form of partnership since late 2020. This investment will allow us to add more inventory and some much needed equipment, enabling us to expand at a significant pace in the next few years," said Curtis Gresswell, president, Alta Electronics. "We chose TRS because of Bob's experience, willingness to take chances, and no-nonsense approach to decision making: no long meetings, just hear the facts, make the best decision, and move forward. Also, the TRS team's extensive knowledge of manufacturing and distribution, as well as their familiarity with our customer base, will dovetail nicely with Alta going forward. Synergies with the TRS group of growing companies will complement us very well. We look forward to this next chapter of Alta Electronics."
