Lee Equity Partners and Twin Point Capital completed the acquisition of TESSCO for $161m.

Lee Equity Partners, a private equity firm, and Twin Point Capital, a principal investment firm, completed the acquisition of TESSCO, a technology distributor, manufacturer, and solutions provider, for $161m. “This deal is a win for Tessco shareholders and our customers. The transaction price and premium reflect the success of our considerable turnaround efforts over the past three years, as well as Tessco’s current growth trajectory. Moreover, our customers will benefit from a greater breadth of products and service options as we team with two companies that are true leaders in serving the wireless industry, and that share our commitment to innovation and customer service,” Sandip Mukerjee, Tessco President and CEO.