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Brockway Moran & Partners Recapitalizes Tri-Star Electronics.


BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla. -- Brockway Moran Moran

equitable councillor to King Feredach. [Irish Hist.: Brewer Dictionary, 728]

See : Justice
 & Partners, Inc., a Florida-based private equity firm, announced today that it has recapitalized Tri-Star Electronics International, Inc. ("Tri-Star Electronics" or the "Company"), a leading manufacturer of electronic interconnect (1) To attach one device to another.

(2) A physical port (plug, socket) or wireless port (transmitter, receiver) used to attach one device to another.
 components and assemblies for commercial aerospace, defense electronics and industrial applications, in partnership with management, Mark J. Silk and Odyssey Odyssey (ŏd`ĭsē): see Homer.

Odyssey

Homer’s long, narrative poem centered on Odysseus. [Gk. Lit.: Odyssey]

See : Epic


Odyssey
 Investment Partners.

Headquartered in El Segundo, California
El Segundo is also the name of a champion Australian racehorse.


El Segundo is a city in Los Angeles County, California on the Santa Monica Bay, incorporated on January 18, 1917. The population was 16,033 at the 2000 census.
, Tri-Star Electronics specializes in the manufacture of contacts which provide the physical connection between electronic components, as well as customized cable assemblies and connectors for in-flight entertainment In-flight entertainment (IFE) refers to the entertainment available to aircraft passengers during a flight. After World War II commercial aviation flights became a daily event in which entertainment was requested by passengers to help the time pass.  systems and specialized niche in-cabin applications. The Company is the dominant independent manufacturer of MIL-Spec qualified contacts used in connectors and provides the broadest product offering in the industry. In addition, Tri-Star Electronics is a supplier to the leading manufacturers of in-flight entertainment systems whose equipment is used by commercial airlines throughout the world. Tri-Star Electronics operates three facilities located on the West Coast and in Europe and employs more than 400 people.

Michael E. Moran of Brockway Moran & Partners commented, "Tri-Star Electronics is a clear leader in the electronic interconnect market, supplying 90% of the world's leading aerospace, avionics avionics (ā'vēŏn`ĭks), electronic instruments used in air or space flight; also the design and production of such instruments. Early planes had few instruments, but as aviation and aircraft became more complex, so did instrumentation.  and electronics OEMs, with products that are found on virtually every aircraft platform worldwide. We are excited about the excellent growth potential of the Company, driven by strong commercial aircraft build rates and robust demand by airlines for in-flight entertainment systems."

"We look forward to working with Brockway Moran & Partners," stated Terry G. Jarnigan of Tri-Star Electronics. "We have aggressive growth plans for the Company and believe that Brockway Moran & Partners' experience in the commercial and military aerospace industry will be valuable in our efforts going forward."

As part of the transaction, Odyssey Investment Partners, a New York-based private equity firm, will retain a portion of its ownership in the Company. Odyssey Investment Partners acquired Tri-Star Electronics in 2003 as part of Aviation Technologies, Inc., and subsequently separated Tri-Star Electronics into a standalone stand·a·lone  
adj.
Self-contained and usually independently operating: a standalone computer terminal. 
 business to capitalize upon the Company's strengths and growth opportunities. William F. Hopkins of Odyssey Investment Partners said, "We are very pleased with the performance of Tri-Star Electronics over the past three years and look forward to its continued growth."

Mark Silk, former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Integrated Aerospace, Inc., a Brockway Moran & Partners portfolio company from 1999 to 2004, has also invested in the transaction. Mr. Silk plans to utilize his experience in the aerospace and defense industry to assist Tri-Star Electronics' current management team.

About Brockway Moran & Partners:

Brockway Moran & Partners is a private equity firm with more than $1.3 billion of capital under management. The firm acquires growth-oriented middle market companies in partnership with exceptional management teams. Brockway Moran focuses on businesses with significant growth opportunities either through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 40 acquisitions. For more information, visit www.brockwaymoran.com.

About Odyssey Investment Partners:

Odyssey Investment Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, based in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, is a middle-market private equity fund with more than $1.2 billion under management. Odyssey makes investments primarily in established middle-market companies in a variety of industries, including industrial manufacturing, business, financial and healthcare services, aerospace products, and localized and route-based service businesses. For further information, visit www.odysseyinvestment.com.
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Publication:Business Wire
Article Type:Company overview
Date:Feb 5, 2007
Words:578
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