Arcline Investment Management has bought Evans Capacitor Company as the first of several potential acquisitions it is targeting to build a specialty electronic components platform.
Evans designs and manufactures high-reliability, power dense capacitors for customers developing next-generation electronic systems for aerospace, defense and industrial applications.
The firm has tapped its $1.5bn debut fund for the deal, a year after it closed the vehicle.
Arcline typically invests across a multitude of end markets including the health & personal care, biopharmaceutical & life sciences, food & beverage, packaging, building products, aerospace & defense and energy sectors.
Earlier this year it picked up elevator maintenance, modernization and installation Jersey Elevator.
Houlihan Lokey served as financial advisor to Arcline for the Evans deal.
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