ELT manufacturer ACR Electronics has been acquired by an investment fund managed by J.F. Lehman & Company, a leading middle-market private equity firm focused on defense, aerospace and maritime sectors.
The company most recently was a business unit of Cobham Commercial Systems.
ACR Electronics, founded in 1956, designs and manufactures a line of safety and survival products sold through the ACR and Artex brand names, including ELTs, EPIRBs, PLBs, SART, strobe lights, life jacket lights, searchlights and safety accessories.
“This marks a new chapter in the long and proud history of ACR Electronics,” said Michael Wilkerson, who will continue on as general manager of the Fort Lauderdale-based company.
ACR and Artex products are responsible for assisting in the rescue of thousands of individuals around the world, he noted.
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