New York, June 30, 2015 – Behrman Capital, a private equity investment firm based in New York and San Francisco, today announced that its portfolio company Data Device Corporation (DDC), a leader in high reliability connectivity, power, and control solutions, has acquired Emrise Corporation’s (OTCQB: EMRI) electronic devices group, Emrise Electronics Ltd. Emrise Electronics is comprised of XCEL Power Systems Ltd and Pascall Electronics Ltd, which are international market leaders in high reliability power conversion products.
Serving the aerospace, defense and industrial markets for more than 30 years, XCEL Power Systems and Pascall Electronics are focused on generating value for their customers by providing world-class custom and semi-custom power supply solutions. These power supply solutions support a broad range of military and civilian aerospace applications including radar systems, cockpit displays and in-flight entertainment, as well as demanding applications in many industrial markets.
Grant Behrman, Managing Partner of Behrman Capital, said, “We are very pleased to have completed the acquisition of Emrise Electronics. The valuable assets that XCEL and Pascall bring to DDC immediately strengthen its leadership in the important power supply sector and will help to accelerate the company’s growth.”
Vincent Buffa, President & CEO of DDC, stated, “This acquisition greatly expands DDC’s power management offering and capabilities. Leveraging the synergy of our solid-state power controllers with XCEL and Pascall’s power supply technology, DDC will be able to provide higher value, optimized integrated solutions for the commercial aerospace, defense, and industrial markets. Additionally, this acquisition expands our business base in the European market with best-in-class power conversion products, while reinforcing DDC’s position as a leading supplier of high reliability connectivity, power and control solutions.”
About Behrman Capital
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company’s investments are focused in three industries: defense and aerospace, health care services, and specialty manufacturing and distribution. The firm has raised five funds with a combined capital base in excess of $3.0 billion. For more information, please visit www.behrmancap.com.
About Data Device Corporation
Data Device Corporation (DDC) is the world leader in the design and manufacture of high-reliability data networking, power control, and motion control solutions for aerospace, defense, and industrial applications. For more than 50 years, DDC has continuously advanced the state of high-reliability Connectivity, Power, and Control technology with innovations that optimize efficiency, reliability, and performance. DDC headquarters, design and manufacturing operations are located in Bohemia, NY. Visit www.ddc-web.com.
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