|[January 07, 2014]
Secure Communication Systems, a Portfolio Company of Vance Street Capital, Completes Acquisition of Tactical Micro
LOS ANGELES --(Business Wire)--
Vance Street Capital LLC, a Los Angeles-based private equity firm,
announced today that it has acquired Tactical Micro from Relativity
Capital, an Arlington, Virginia-based private equity firm. Terms of the
transaction were not disclosed. Tactical Micro is the third add-on
acquisition for Secure Communication Systems, a designer and
manufacturer of rugged computer and information assurance systems.
Based in Fredericksburg, Virginia, Tactical Micro is a premiere provider
of high-end training, instrumentation and surveillance solutions for
military and commercial customers. The company's products are used in
support of military training, metropolitan security systems and other
complex surveillance solutions.
"Tactical Micro has an impressive track record of consistent revenue
growth," said Allen Ronk, CEO of Secure Communication Systems. "The
success of the company is a testament to its talented management team,
its dedicated employees and innovative technology. We believe that
Tactical Micro complements our current product offerings and we look
forward to working together to further grow our businesses. "
"This acquisition is a strong strategic fit for Secure and we expect
Tactical Micro's transition to be seamless," said Brian Martin,
principal at Vance Street Capital. "Having Tactical Micro on board will
help Secure further diversify its end markets."
Tactical Micro's founder and president, John Moulton will retain an
ownership stake in the company and will continue to serve as president.
"Weare excited to partner with Secure and Vance Street Capital,"
Moulton said. "Secure and Tactical Micro share strong engineering
backgrounds and a commitment to excellence. As a division of Secure
Communication Systems, we will be well positioned for the next phase of
our company's evolution.
Fifth Third Bank provided senior debt financing for the transaction and
Babson Capital provided mezzanine debt financing for the transaction.
O'Melveny & Myers LLP acted as legal advisor to Vance Street Capital and
Secure Communications. Relativity Capital and Tactical Micro retained
KippsDeSanto & Co. as investment banker and Hogan Lovells as legal
About Tactical Micro
Tactical Micro is an engineering systems integration company
specializing in range instrumentation and audio/video broadcasting and
recording systems for use in military training and commercial
applications. Tactical Micro engineers have over 50 years of combined
experience in developing military range training products and supporting
military range instrumentation projects. The company is headquartered in
Fredericksburg, Virginia and also has an office in Orlando, Florida.
About Secure Communication Systems
Secure Communication Systems designs and manufactures high reliability
C4ISR systems, encryption equipment, wireless communications products
and related components for defense, transportation, commercial aviation
and industrial applications. The company offers information assurance
systems, high-bandwidth wireless communication equipment, ruggedized
displays, printed circuit board assemblies, and custom RF filters and
accessories for a wide range of defense and commercial end markets. The
company was founded in 1986 and is headquartered in Santa Ana,
California. For more information please visit: www.securecomm.com.
About Vance Street Capital
Vance Street Capital is a Los Angeles-based private equity firm that
makes control investments in companies with enterprise values up to $200
million. Preferred industries include precision industrial
manufacturing, aerospace & defense and medical components and devices.
For over two decades, Vance Street's partners have worked with
management, family owners and other co-investors to accelerate revenue
growth, improve operations and acquire strategic assets for the
companies in their investment portfolio. For more information please
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