Nova Capital Management to acquire Craig Electronics.

Nova Capital Management has acquired leading consumer electronics company Craig Electronics, headquartered in Miami, Florida. The company is being acquired through an existing investment of Nova's which together will operate under a new corporate identity – H2 Brands Group – and will include the Craig, Shur-Line, Bulldog, and World and Main businesses. Financial terms were not disclosed. Craig Electronics is a leading consumer electronics innovator that offers a complete one-stop consumer technology and electronics solution for the national big box, food and drug, club, and mass retail distribution. "We are incredibly excited to be able to utilize the H2 Brands platform to provide our business and retail partners with substantial additional resources while continuing to service them with the same level of commitment they have grown to expect from us," Michael Newman, Craig Electronics President.