Arcline Investment Management Acquires Meritec Inc. (Including Joy Signal Technology)
April 19, 2022
Arcline Investment Management, a growth-oriented private equity firm, has acquired Meritec Inc., including its wholly owned subsidiary Joy Signal Technology, marking the first acquisition in Arcline's planned specialty interconnects platform. The deal positions Meritec as the platform foundation for future add-ons; industry veteran Kevin Perhamus will serve as CEO of the platform and founder John T. "Jack" Venaleck Sr. commented on the company's future under Arcline.
- Targets
- Meritec Inc., Joy Signal Technology
- Sellers
- John T. "Jack" Venaleck Sr.
- Industry
- Manufacturing
- Location
- Ohio, United States
- Transaction Type
- Buyout
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