kSARIA Corporation, a leading producer and supplier of mission-critical connectivity solutions for the aerospace and defense end markets and portfolio company of Behrman Capital, today announced that it has acquired Co-Operative Industries Aerospace & Defense ("CIA&D"). Financial terms of the transaction were not disclosed.
Headquartered in Fort Worth, Texas, CIA&D is an AS9100-registered manufacturer of electrical wiring harnesses, ignition leads, and flexible metal conduits serving blue-chip aerospace and defense customers. CIA&D produces an array of wiring harnesses and interconnects for both commercial and military aircraft applications, as well as products for the industrial end market. Interconnect products include engine, airframe, and landing gear wiring harnesses, panel assemblies, J-Boxes, rigid assemblies, ignition leads and conduit assemblies for a variety of high-reliability applications. Backed by FAA, EASA, and CAAC certifications, CIA&D also supports air carriers with overhaul and repair services, providing capacity, efficiency, flexibility and potentially lower costs to operators whose engines are not under OEM warranty programs.
Anthony J. Christopher, kSARIA's President and Chief Executive Officer, said: "Acquiring CIA&D broadens kSARIA's connectivity solutions offering. Bringing together kSARIA's strength in fiber optics with CIA&D's electrical products will allow for significant cross-selling opportunities, as both businesses share many of the same customers. We expect a very smooth integration that will enable us to stay focused on serving all of our stakeholders."
David S. Symonds, President and CEO of CIA&D, said: "We are very proud of CIA&D's long and successful history of supporting the aerospace and defense industry. Major OEMs and manufacturers have come to rely on us given our extensive experience developing unique electrical interconnect solutions. We are excited to become part of kSARIA and partner with the management team and Behrman Capital to capitalize on opportunities to grow our business."
Grant Behrman, Managing Partner of Behrman Capital, said: "kSARIA has made excellent progress since our initial investment last year. We are pleased that kSARIA is building on its success with the acquisition of CIA&D, a highly complementary business that will further enhance its strong position in the high-reliability optical and connectivity sector. We look forward to continuing to build kSARIA's organic growth and acquisition momentum as we expand our product offering and technical capabilities to better serve our customer base."
|Contact details from our directory:|
|kSARIA Corporation||Fibre Optic Cable, Fibre Optic Connectors, Metal Cable|
|Co-Operative Industries Aerospace & Defense||Wire Harnesses, Engine Harnesses, Hermetic Connectors, Lead Harnesses, Leads, Engine Accessories, Metallic Hoses, Metallic Conduits, Shielded Electrical Cable, Electrical Cable, Cable Assemblies, Electrical Wire & Cable, Electromechanical Assembly|
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|Electrical Power Systems|