H.I.G. Backs ACT

Advanced Communications Technologies Inc. (OTC BB: ADVC), a New York-based reverse logistics company for consumer electronics, has raised an undisclosed amount of funding from H.I.G. Capital. Concurrent with the transaction, ACT has completed its acquisition of Vance Baldwin Electronics, an OWM parts distributor with operations in southern Florida and suburban Atlanta. www.higcapital.com www.advancedcomtech.net