ACT Buys Vance Baldwin

Advanced Communications Technologies Inc. (OTC BB: ADVC), a New York-based provider of reverse logistics for consumer electronics, has acquired Vance Baldwin Electronics, a Fort Lauderdale, Fla.-based OEM parts distributor. The deal was largely financed by a $30 million PIPE infusion from H.I.G. Capital and the issuance of senior and subordinated notes to a syndicate arranged by Sankaty Advisors. www.advancedcomtech.net www.vancebaldwin.com