Vance Street Capital acquires Tactical Micro from Relativity Capital

Vance Street Capital has acquired Tactical Micro from Relativity Capital, an Arlington, Virginia-based private equity firm. Terms of the transaction were not disclosed.

PRESS RELEASE

Vance Street Capital LLC, a Los Angeles-based private equity firm, announced today that it has acquired Tactical Micro from Relativity Capital, an Arlington, Virginia-based private equity firm. Terms of the transaction were not disclosed. Tactical Micro is the third add-on acquisition for Secure Communication Systems, a designer and manufacturer of rugged computer and information assurance systems.

Based in Fredericksburg, Virginia, Tactical Micro is a premiere provider of high-end training, instrumentation and surveillance solutions for military and commercial customers. The company’s products are used in support of military training, metropolitan security systems and other complex surveillance solutions.

“Tactical Micro has an impressive track record of consistent revenue growth,” said Allen Ronk, CEO of Secure Communication Systems. “The success of the company is a testament to its talented management team, its dedicated employees and innovative technology. We believe that Tactical Micro complements our current product offerings and we look forward to working together to further grow our businesses. ”

“This acquisition is a strong strategic fit for Secure and we expect Tactical Micro’s transition to be seamless,” said Brian Martin, principal at Vance Street Capital. “Having Tactical Micro on board will help Secure further diversify its end markets.”

Tactical Micro’s founder and president, John Moulton will retain an ownership stake in the company and will continue to serve as president.

“We are excited to partner with Secure and Vance Street Capital,” Moulton said. “Secure and Tactical Micro share strong engineering backgrounds and a commitment to excellence. As a division of Secure Communication Systems, we will be well positioned for the next phase of our company’s evolution.

Fifth Third Bank provided senior debt financing for the transaction and Babson Capital provided mezzanine debt financing for the transaction. O’Melveny & Myers LLP acted as legal advisor to Vance Street Capital and Secure Communications. Relativity Capital and Tactical Micro retained KippsDeSanto & Co. as investment banker and Hogan Lovells as legal advisor.

About Tactical Micro
Tactical Micro is an engineering systems integration company specializing in range instrumentation and audio/video broadcasting and recording systems for use in military training and commercial applications. Tactical Micro engineers have over 50 years of combined experience in developing military range training products and supporting military range instrumentation projects. The company is headquartered in Fredericksburg, Virginia and also has an office in Orlando, Florida.

About Secure Communication Systems
Secure Communication Systems designs and manufactures high reliability C4ISR systems, encryption equipment, wireless communications products and related components for defense, transportation, commercial aviation and industrial applications. The company offers information assurance systems, high-bandwidth wireless communication equipment, ruggedized displays, printed circuit board assemblies, and custom RF filters and accessories for a wide range of defense and commercial end markets. The company was founded in 1986 and is headquartered in Santa Ana, California.

About Vance Street Capital
Vance Street Capital is a Los Angeles-based private equity firm that makes control investments in companies with enterprise values up to $200 million. Preferred industries include precision industrial manufacturing, aerospace & defense and medical components and devices. For over two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio.

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