Monomoy Announces the Acquisition of Astatic Mobile Communications by Barjan LLC; Monomoy Portfolio Company to Strengthen Product Offering Through Strategic Acquisition of CB Equipment Manufacturer.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 -- Monomoy Capital Partners, L.P. ("Monomoy") today announced that its portfolio company, Barjan LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("Barjan" or "the Company"), the leading distributor of consumer products to travel centers, truck stops, car washes and convenience stores The following is a list of convenience stores organized by geographical location. Stores are grouped by the lowest heading that contains all locales in which the brands have significant presence. , has completed the acquisition of the Astatic Mobile Communications business ("Astatic a·stat·ic adj. 1. Relating to astasia. 2. Unsteady; unstable. ") from Omnitronics, LLC. Terms of the transaction were not disclosed. Astatic has been the leading manufacturer of aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. CB microphones and other CB radio equipment for over 70 years. An innovator in microphone technology, Astatic is well-recognized in all of its markets, including truck stop, travel center, marine and automotive, for both its microphones and its antenna products. "The acquisition of Astatic makes Barjan the dominant manufacturer and distributor of aftermarket CB components in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and opens up significant new distribution channels for the Company," stated Daniel Collin, a Monomoy principal. "The acquisition will substantially increase profitability at Barjan and will ensure that the Company continues to provide unequalled products and service to its core travel center and truck stop customers." "We are very excited to add the Astatic brands to our current product offering," said Mark Essig, Chief Executive Officer of Barjan. "Monomoy has provided Barjan with the financial flexibility and strategic guidance necessary to offer the broadest range of first-class products and to exceed customer expectations at every turn. The Astatic acquisition is an important step in a comprehensive program to improve every aspect of our business." About Barjan LLC With facilities in Rock Island and East Moline, Illinois East Moline is a city in Rock Island County, Illinois, United States. The population was 20,333 at the 2000 census. Geography East Moline is located at (41.511940, -90.435203)GR1. , Reno, Nevada and Atlanta, Georgia, Barjan LLC is the largest distributor of non-food general merchandise to truck stops and travel centers across America. The Company manufactures, sources and distributes over 7,000 individual products, including automotive accessories, chemicals and additives, consumer electronics, novelty products, books, videos, and music. Barjan is the principal supplier to leading national travel center chains and scores of regional and local travel centers across North America. Monomoy acquired Barjan in January 2006. About Monomoy Capital Partners, L.P. Monomoy Capital Partners, L.P. is a private equity fund that makes controlling investments in smaller companies that require operational or financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . Monomoy targets fundamentally sound businesses with revenues less than $150 million and acquires businesses through bankruptcy, out-of-court restructurings, corporate divestitures and other complex transactions. Current investments include Awrey Bakeries, Inc., one of the largest premium foodservice bakeries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ; Hess Industries, Inc., a designer and builder of metal-forming equipment; and Barjan LLC. For additional information please visit www.mcpfunds.com. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion