Brockway Moran & Partners, a Florida-based private equity firm, is selling electronic parts maker Tri-Star Electronics International to global diversified firm Carlisle Cos., AltAssets reports. The deal, worth $285 million and structured as a cash merger, will see Tri-Star become a part of Carlisle Interconnect Technologies.
California-based Tri Star manufactures contacts and connectors for the transfer of data and power on aircraft and defense platforms and industrial machinery with annual sales of approximately $95 million. Carlisle Cos., which generated $2.5 billion in net sales in 2010, produces a range of products for niche markets including commercial roofing, energy, aerospace and electronics, dining and food delivery and healthcare, among others.
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