Compass Group Equity Partners, LLC acquired Logic PD, Inc.
LOGIC PD, INC. operates as a contract electronic manufacturing company.
Hardware & Systems
Alula Holdings, LLC acquired ipDataTel, LLC.
ipDataTel, LLC designs, engineers, and manufactures cellular and Internet alarm communication devices, wireless alarm panels, and cloud video solutions to security, home automation, and HVAC industries.
Fuchs Petrolub SE acquired business of Fluid Vision Technologies, LLC.
Fluid Vision Technologies, LLC develops and manufactures sensor-based automated fluid condition monitoring device used for process fluids.
ANEXIO Inc. acquired Standard American Mining.
Standard American Mining manufactures cryptocurrency mining rigs, such as high-density graphics processing units powered by waste-to-energy power plants.
Marubeni Corporation acquired 70% stake in Renewable Energy Test Center, LLC.
Renewable Energy Test Center, LLC provides engineering, testing, and certification services for photovoltaic and renewable energy products in the United States and internationally.
ADH Guardian USA, LLC acquired Alottazs Labs, LLC.
Alottazs Labs, LLC develops applications, games, and hardware devices.
Mayer Electric Supply Company, Inc. signed an asset purchase agreement to acquire The Hite Company from Lee Hite and family on March 12, 2018. The Hite Company will become the Northeast Region of Mayer Electric Supply and will operate as The Hite Company, a Division of Mayer Electric. The Hite Company will retain its name and brand. The Hite Company has reported revenues of over $143 million in the year ending December 31, 2017. T. Scott Lawhead, President and Chief Executive Officer will be the new Division Vice President for the Northeast. All associates of The Hite Company will continue to operate after the transaction. The Hite Company will operate essentially unchanged, with purchasing and payables remaining centralized in Altoona. The transaction is expected to close on March 26, 2018.
The Hite Company distributes electrical, and lamps and lighting products. It also offers automation and control, data communications, heating and ventilation, professional audio/video, power quality, and surveillance and security products; electronic components; fiber optics, data centers, intelligent transportation systems, and distributed antenna systems; and industrial networking, building automation, intelligent building networks, local area networks, wide area networks, and wireless networks products. The company also rents tools, power monitoring equipment, video projectors, and others. In addition, it offers after-hours emergency services, lighting and energy audits, recycling services, and training services. The company?s customer base consists of electrical contractors, purchasing agents, builders, maintenance personnel, and end users representing residential, commercial, industrial, institutional, and government markets. It serves customers in Pennsylvania, southwestern New York, and northern West Virginia. The Hite Company was formerly known as The Penn Central Equipment Company and changed its name to The Hite Company in 1968. The company was founded in 1949 and is based in Altoona, Pennsylvania with locations in Pennsylvania, New York, and West Virginia with lighting showrooms in Altoona, State College, Erie, Williamsport, and Johnstown.
Communications & Power Industries LLC signed an agreement to acquire Large-Diameter GEO Satcom Antenna Product Line from?Viasat Inc.
Large-Diameter GEO Satcom Antenna Product Line of ViaSat Inc. comprises broadband and communications products.
StructionSite Inc. acquired Rithm LLC.
Rithm LLC develops automated 3D laser scanning applications for the construction industry to deliver data and create reports for clients.
Lumentum Holdings Inc. signed a definitive agreement to acquire Oclaro, Inc.
Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide.