Harris Williams & Co. Advises Secure Technology Company on its Sale to Benchmark Electronics, Inc.
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Secure Technology Company (Secure) to Benchmark Electronics, Inc. (Benchmark; NYSE: BHE) for $230 million. Secure is a leading provider of customized high-performance electronics, sub-systems and component solutions for defense, aerospace and mission-critical industrial applications. Harris Williams & Co. served as the exclusive advisor to Secure, a portfolio company of Vance Street Capital. The transaction was led by Chris Rogers, Jon Nemo and Chris Smith of Harris Williams & Co.’s Aerospace, Defense & Government Services (ADG) Group and Carl Menzel of the firm’s Richmond office.
Headquartered in Santa Ana, California, Secure is a unique design, technology and manufacturing platform that provides specialized connectivity and communication solutions to leading defense, aerospace and high performance industrial customers. Secure benefits from world-class technology and engineering expertise and focuses broadly upon connecting people, machines and networks within environments where uncompromising performance is essential. The company’s products include encryption equipment, wireless communication products, ruggedized portable displays, defense training and simulation sub-systems, military-grade RF and digital circuit card assemblies and a variety of complementary defense electronics components such as specialized filters and multiplexers.
Vance Street Capital is a Los Angeles-based private equity firm. Preferred industries include general industrial, aerospace and defense and medical components and devices. For over two decades, Vance Street Capital’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio.
Benchmark provides integrated manufacturing, design and engineering services to original equipment manufacturers of industrial control equipment (including equipment for the aerospace and defense industries), telecommunication equipment, computers and related products for business enterprises, medical devices and test and instrumentation products. Benchmark's global operations include facilities in seven countries and its common shares trade on the New York Stock Exchange under the symbol BHE.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s ADG Group offers strategic advice to a global base of leading aerospace, defense and government services clients. For more information on the ADG Group and other recent transactions, visit the ADG Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.