Announced
Completed
Synopsis
Cerberus-backed Electrical Components International, a global supplier of electrical distribution systems, completed the acquisition of Flex-Tec, a supplier of high-quality electrical wire harnesses and cable assemblies to leading customers in the commercial LED. Financial terms were not disclosed. “We are pleased to partner with Flex-Tec as we continue driving ECI’s expansion into high-growth and high-value market segments. With an experienced team, longstanding customer relationships, and specialized manufacturing expertise, Flex-Tec has established itself as a partner of choice to industry leaders across commercial and smart lighting end markets. We look forward to welcoming the talented Flex-Tec team to ECI and supporting the company’s growth as part of our Industrial Tech platform," Mike Balsei, ECI Chief Executive Officer.
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