ClearLight Partners LLC Leads the Acquisition of Switchcraft Holdings Inc.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Private equity investment firm ClearLight Partners announced today that it acquired Switchcraft Holdings Inc. in partnership with the company's existing management team. ClearLight Partners and Switchcraft's management provided equity for the transaction, while Antares Capital provided senior financing. Black Canyon The Black Canyon may refer to
Switchcraft is a premier designer and manufacturer of high-performance electronic connectors, cable assemblies, and other value-added products and systems used in diverse applications in the global electronics industry. With headquarters in Chicago, the company operates state-of-the-art manufacturing facilities in Chicago and Villa Park Villa Park, village (1990 pop. 22,253), Du Page co., NE Ill.; inc. 1914. It is a residential suburb W of Chicago. , Ill., and Inchon, Republic of South Korea. Commenting on the investment, Larry Ward Larry Ward may refer to:
Founded in 1946, Switchcraft has grown from a specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. supplier of high-performance jacks and plugs serving the professional audio market, to a global enterprise that designs and manufactures premium quality, value-added products used in niche segments of the industrial, audio/video, broadcast, transportation, appliance A stand-alone hardware device or software environment dedicated to a specific task. See hardware appliance and software appliance. , and computer/datacom markets, among others. "We are pleased to have ClearLight as our new financial partner and look forward to working with them to build company value," said Keith Bandolik, president and 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 Switchcraft. Michael Kaye, managing partner at ClearLight, stated: "We are delighted to join forces with Switchcraft's world-class management team and employees. The company has a proven track record of innovation and growth and we look forward to a successful partnership." About ClearLight Partners ClearLight Partners LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a $300-million private equity firm based in Newport Beach that invests in middle-market businesses with strong potential for value creation. ClearLight seeks to partner with world-class management teams who have a track record of building successful companies within their industry and have the vision to build a market leader. ClearLight Partners LLC 100 Bayview Circle, Suite 5000 Newport Beach, CA 92660 949-725-6610 www.clearlightparters.com About Switchcraft Chicago-based Switchcraft is a premier designer and manufacturer of high-performance electronic connectors, cable assemblies, and other value-added products and systems used in diverse applications in the global electronics industry. Switchcraft Holdings Inc. 5555 North Elston Ave. Chicago, IL 60630 773-792-2700 www.switchcraft.com |
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