BOSTON, April 25,
2024 /PRNewswire/ -- DelCam Capital, a Massachusetts private equity firm specializing
in acquiring niche family-owned manufacturing businesses, is
pleased to announce its recent acquisition of Space Age
Electronics, Inc., a leader in the manufacturing of fire and life
safety equipment. The acquisition marks the first platform
acquisition in DelCam Fund II, reinforcing its strategic focus on
enhancing manufacturing sectors in the
United States.
"Space Age Electronics represents an ideal addition to our
growing portfolio, aligning perfectly with our strategic vision of
building a larger enterprise dedicated to manufacturing top-tier
fire and life safety equipment in America," said Steve Trotta, Managing Partner at DelCam
Capital. "This acquisition not only strengthens our market position
but also emphasizes our commitment to quality and innovation in the
manufacturing sector."
Joe Mongeau, the former President
of Space Age Electronics, expressed his family's deep connection to
the company during the transition: "DelCam's approach and ethics
resonate strongly with our family's values, giving us confidence
that they will continue to nurture our employees and uphold the
legacy that our family has carefully built over the past 60
years."
As part of the acquisition strategy, DelCam Capital is proud to
announce a significant initiative where all employees of Space Age
Electronics will become owners in the enterprise. "We believe in
empowering our employees by making them true partners in our
journey. This ownership initiative will drive engagement and align
interests across the board, ensuring long-term success and
commitment," Trotta explained.
Following the acquisition, Matt
Grady, the current COO of Space Age Electronics, will assume
leadership responsibilities for the company. "Matt's deep
understanding of our operations and his visionary leadership are
vital as we embark on this new chapter," added Trotta.
DelCam Capital, known for its focus on family-owned businesses
predominantly in New England, continues to support high-growth
companies. The firm's investor base is composed of high-net-worth
individuals, professional athletes, and family offices, and is
actively raising additional capital to expand DelCam Fund II.
About DelCam Capital
DelCam Capital is a private equity firm that specializes in
acquiring and enhancing the operations of niche family-owned
manufacturing businesses in the United
States. With a majority of its acquisitions in New England,
DelCam is committed to building robust manufacturing capabilities
and enhancing the regional economic landscape.
About Space Age Electronics, Inc.
For over 60 years, Space Age Electronics, Inc. has been at the
forefront of the fire and life safety industry. Based in
Sterling, Massachusetts, the
company employs approximately 80 staff across three facilities,
excelling in the design and manufacture of essential safety
equipment.
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SOURCE DelCam Capital, LLC