Announced
Completed
Financials
Tags
Single Bidder
Friendly
Cross Border
Acquisition
Majority
Private Equity
enterprise software
Software
Completed
Canada
Private
Synopsis
Cerberus Capital-backed Electrical Components International, a global supplier of electrical distribution systems, completed the acquisition of Aerosystems International, a certified manufacturer specialized for electrical distribution and control systems. Financial terms were not disclosed. “With strong demand for aircrafts in the years ahead, manufacturers are relying on partners who are equipped to meet their highly technical needs throughout production. ASI’s decades of experience and specialized expertise have solidified its position as a trusted supplier of wire harnesses and cable assemblies for the aerospace market. Together, we’ll be able to build on ASI’s leadership as we continue expanding into high-growth, high-value segments,” Mike Balsei, ECI Chief Executive Officer.
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