(Philadelphia, PA) – BMI Mergers & Acquisitions a mergers and acquisitions advisory firm, announces the sale of Niche Electronics Technologies to a corporation jointly formed by Clairemont Capital Group and Summit Equity Group.
Niche Electronics is an ISO certified and ITAR registered contract electronic assembler of printed circuit boards that provides services for military applications, encompassing land, sea, and air, and commercial and industrial areas including refrigeration, oil exploration, battery, and sports broadcast markets. Niche’s capabilities include surface mount and plated thru-hole technology and can provide complete box-build services as well. The boards are used in Class 3 products and equipment which require tight tolerances and high reliability. The existing management team of Niche Electronics will continue to manage the daily operations of the business.
James Riggs, former owner and Vice President of Niche had this to say, “Clairemont Capital and Summit Equity are the ideal buyer for our company. They are a perfect fit for Niche. Tony Casella and I feel strongly that their management philosophy and business approach mirrors our own and that this acquisition will allow Niche to continue to grow.
Summit Equity Group, LLC based in Des Moines, Iowa is a private investment group that is focused on acquiring small to medium-sized private companies and providing them the resources necessary to realize their full potential. Clairemont Capital Group of Philadelphia Pennsylvania looks to acquire and invest in lower middle-market companies with the goal of positioning them for long-term success.
BMI Mergers & Acquisitions located the buyers, arranged the confidential sale, managed the transaction, provided financial guidance, and negotiated the sale thru closing.