L-com Inc., a North Andover, Mass.-based provider of wired and wireless connectivity products to original equipment manufacturers, system integrators and network installers, has been acquired by Odyssey Investment Partners.
The amount of the transaction was not released.
General Electric Capital Corporation, CIT Finance, The Governor and Company of the Bank of Ireland, and Newstone Capital Partners provided debt financing in connection with the investment.
The company intends to use the proceeds to grow organically and through strategic acquisitions.
Led by Ed Caselden, President and CEO, L-com is a global designer and manufacturer of wired and wireless connectivity products. The company offers cable assemblies, connectors, adapters, industrial networking components, and custom connectivity products, as well as a broad line of wireless products, which are sold directly to end users through its printed catalog, e-commerce website and dedicated sales forces, as well as through distribution partners.
Customers include design and network engineers who are responsible for specifying connectivity equipment into mission-critical applications.
L-com has manufacturing and sales facilities in Suzhou, China, Boca Raton, Florida and North Andover, MA. It is ISO 9001: 2008-certified.