Truelink Capital to acquire SouthernCarlson from Kyocera.

Truelink Capital, a Los Angeles based private equity firm, agreed to acquire SouthernCarlson, a distributor of brands in construction and packaging machines, tools and supplies, from Kyocera, a Japanese multinational ceramics and electronics manufacturer. Financial terms were not disclosed. "This transaction marks an exciting new chapter for SouthernCarlson. We are grateful for Kyocera's support and ownership over the last 6 years, during which time we have achieved strong growth, including expanding into new customer segments. We are now excited to partner with Truelink and accelerate the achievement of our strategic vision as we transition into an independent company. With Truelink's support, we look forward to building on our legacy of operational excellence, best-in-class customer service, and proven reliability," Andrei Militaru, SouthernCarlson President and CEO.