Mission Critical Electronics, Inc., a manufacturer of specialized electronic products for the emergency/specialty vehicle, marine and telecommunications industries, to recapitalize the business, received a $22.8 million senior debt investment.
The trasaction was led by Praesidian Capital, a provider of senior and subordinated debt for small and mid-sized companies,
A portfolio company of Evolve Capital, Ltd., Mission Critical Electronics operates the Kussmaul and Newmar brand names focusing on critical system applications in commercial marine vessels, telecommunications and emergency vehicles.
The company, which produces more than 900 different products in facilities located in Santa Ana, Calif., and West Sayville, N.Y., employs over 100 people.
FinSMEs
02/03/2013