L-com Acquires MilesTek Corporation
NORTH ANDOVER, MA, January 22, 2013 - L-com, a leader in the low-volume, high-service segment of the network connectivity market, announced today that it has acquired MilesTek Corporation, a top provider of specialized network connectivity products for military and commercial end markets. L-com, Inc. is a portfolio company of Odyssey Investment Partners, LLC.
Based in Denton, Texas, MilesTek manufactures and distributes specialized connectivity products for the Military Avionics, Broadcast, and DS3/Telecom industries as well as a broad spectrum of AV, Coaxial, Fiber Optic, and Networking connectivity solutions. The company's customers include prime military contractors, government agencies, network installers, and value added resellers.
L-com's CEO, Edward Caselden, stated: "MilesTek has deep product expertise and an extensive customer base that will strengthen L-com's position and product capabilities in attractive end markets. MilesTek is the market leader in MIL-STD-1553B devices and supporting equipment, a market segment that L-com has not served until now. By partnering with MilesTek, we will have a significant advantage in serving the full needs of our military and aerospace customers."
David McCarthy, MilesTek President, said: "With access to L-com's broad product offering and its strengths in high-quality manufacturing, technical design, and supply chain logistics we will be able to expand our business even faster than we have in the past as we provide greater service and product options for our customers."
L-com is a global designer and manufacturer of wired and wireless connectivity products. The company offers a wide range of solutions and unmatched customer service for a diverse set of end markets. L-com's product portfolio includes cable assemblies, connectors, adapters, industrial networking components, and custom connectivity products, as well as a broad line of wireless products. In operation for more than 30 years, L-com, Inc. is headquartered in North Andover, Mass., and is ISO 9001: 2008-certified. For more information, please visit: www.L-com.com.
MilesTek designs and manufactures specialized connectivity products for the Military Avionics, Broadcast and DS3/Telecom industries, and also produces a broad spectrum of AV devices, Coaxial, Fiber Optic and Networking connectivity solutions. MilesTek offers high levels of customer service and quality products in-stock for same-day shipping and quick turnaround on custom requirements. For more information visit www.milestek.com.
About Odyssey Investment Partners
Odyssey Investment Partners, LLC, with offices in New York and Los Angeles, is a leading middle-market private equity firm with approximately $2.5 billion under management. Odyssey Investment Partners primarily makes control investments typically in established middle-market companies in a variety of industries. For further information about Odyssey Investment Partners, please visit www.odysseyinvestment.com. The firm can be reached in New York at 280 Park Avenue, New York, NY 10017 or (212) 351-7900; and in California at 21650 Oxnard Street, Woodland Hills, CA 91367 or (818) 737-1111.