July 28, 2009
Boston, MA - Capstone Capital Markets LLC, a wholly-owned subsidiary of Capstone Partners LLC, a national investment banking advisory firm, announced today that it has provided financial advisory services and a fairness opinion to the Board of Directors of RAD Electronics, Inc., a leading electronics manufacturing services company focused on military, aerospace, medical device and transportation markets, regarding the sale of certain assets of the Company to OSI Electronics, a wholly-owned subsidiary of OSI Systems, Inc., a publicly-traded electronics designer and manufacturer. Terms of the transaction were not disclosed.
Bruce MacDonald, President of OSI Electronics, and Chuck Mann, former CEO of RAD Electronics, noted, “This acquisition is a win-win for everyone, strengthening both organizations and enabling us to offer our RAD customers a manufacturing partner with a more secure financial position as well as expanded technical and operational resources around the world.”
RAD Electronics, Inc. is a global electronics manufacturing services provider specializing in printed circuit board assemblies, custom cable assemblies, over-molded embedded electronics, and complete box builds. The Company was founded in 2001 and is focused on the medical, industrial, military/aerospace, and transportation industries. Headquartered in Sun Valley, CA, RAD has production facilities in Southern California and Mexico, as well as a sales office in Massachusetts. Additional information about RAD Electronics can be found at www.rad-tech.net.
OSI Systems, Inc. (NASDAQ: OSIS) is a vertically-integrated designer and manufacturer of specialized electronic systems and components for critical applications. The Company sells its products in diversified markets, including homeland security, healthcare, defense and aerospace. OSI has more than 30 years of experience in electronics engineering and manufacturing and maintains offices and production facilities located throughout the world. OSI Electronics is a wholly-owned subsidiary of OSI Systems. Additional information on OSI Electronics can be found at www.osielectronics.com.
Capstone Partners LLC is a leading national investment banking advisory firm dedicated to serving the transaction needs of middle market companies. The firm provides corporate sale & divestiture, merger & acquisition and private placement advisory services across four major industry practices: Business Services, Specialty Products, Technology Solutions and Health & Wellness.