The designer and manufacturer of high=performance interconnect embedded systems and connectors, Meritec is acquired by the growth-oriented PE firm Arcline Investment Management. The acquisition includes wholly owned subsidiary of Meritec, Joy Signal Technology. This acquisition could be the first of several potential acquisitions for Arcline as it seeks to build a specifically interconnects platform.
Kevin Perhamus, partner with Arcline, will serve as the CEO of the platform. Kevin comes with 25 years of experience and has spent 10 years as CEO of Winchester Interconnect before Arcline.
Meritec has been doing innovation for over 50 years and it specializes in highly engineered electronic interconnect solutions for high-density and high-speed applications of leading original equipment manufacturers across the global semiconductor, military, aerospace, medical, and industrial end markets.
Arcline commented, “Meritec is a wonderful foundation on which to build a platform of exceptional interconnect manufacturers.”
John T. “Jack” Venaleck Sr., founder of Meritec, said, “We are proud of the Company we have built through the efforts of our associates and partnership with our customers. I am confident that great things are to come through Arcline’s investment in our future.”
Kevin Perhamus added, “Meritec is a loyal partner to its customers, enabling them to bring leading technologies to their industries. I am excited for the next phase of my partnership with Arcline and look forward to building upon the momentum Meritec has created.”
Houlihan Lokey served as financial advisor to Arcline.
