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BOSTON, April 25, 2024 /PRNewswire/ -- DelCam Capital, a Massachusetts private equity firm specializing in acquiring niche family-owned manufacturing businesses, is pleased to announce its recent acquisition of Space Age Electronics, Inc., a leader in the manufacturing of fire and life safety equipment. The acquisition marks the first platform acquisition in DelCam Fund II, reinforcing its strategic focus on enhancing manufacturing sectors in the United States.

 

Space Age Electronics. Fire and Life Safety Products Manufacturer.

 

"Space Age Electronics represents an ideal addition to our growing portfolio, aligning perfectly with our strategic vision of building a larger enterprise dedicated to manufacturing top-tier fire and life safety equipment in America," said Steve Trotta, Managing Partner at DelCam Capital. "This acquisition not only strengthens our market position but also emphasizes our commitment to quality and innovation in the manufacturing sector."

 

Joe Mongeau, the former President of Space Age Electronics, expressed his family's deep connection to the company during the transition: "DelCam's approach and ethics resonate strongly with our family's values, giving us confidence that they will continue to nurture our employees and uphold the legacy that our family has carefully built over the past 60 years."

 

As part of the acquisition strategy, DelCam Capital is proud to announce a significant initiative where all employees of Space Age Electronics will become owners in the enterprise. "We believe in empowering our employees by making them true partners in our journey. This ownership initiative will drive engagement and align interests across the board, ensuring long-term success and commitment," Trotta explained.

 

Following the acquisition, Matt Grady, the current COO of Space Age Electronics, will assume leadership responsibilities for the company. "Matt's deep understanding of our operations and his visionary leadership are vital as we embark on this new chapter," added Trotta.

 

DelCam Capital, known for its focus on family-owned businesses predominantly in New England, continues to support high-growth companies. The firm's investor base is composed of high-net-worth individuals, professional athletes, and family offices, and is actively raising additional capital to expand DelCam Fund II.

 

About DelCam Capital

 

DelCam Capital is a private equity firm that specializes in acquiring and enhancing the operations of niche family-owned manufacturing businesses in the United States. With a majority of its acquisitions in New England, DelCam is committed to building robust manufacturing capabilities and enhancing the regional economic landscape.

 

About Space Age Electronics, Inc.

 

For over 60 years, Space Age Electronics, Inc. has been at the forefront of the fire and life safety industry. Based in Sterling, Massachusetts, the company employs approximately 80 staff across three facilities, excelling in the design and manufacture of essential safety equipment.

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CONTACT US

ADDRESS

DelCam Capital, LLC

50 Mellen Street

Hopedale, MA 01747

Email: STrotta@DelCamHoldings.com

Tel: 617-281-7038

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The information contained herein is confidential information regarding DelCam Capital, LLC (“DelCam”). By accepting this information, the recipient agrees that it will, and it will cause its directors, partners, officers, employees, attorney(s), agents and representatives, to use the information only to evaluate its potential interest in the investments and strategies described herein and for no other purpose and will not divulge any such information to any other party. Any reproduction of this information, in whole or in part, is prohibited. These contents are proprietary information of DelCam and may not be reproduced or disseminated in whole or part without the prior written consent of DelCam. Each person accepting this document hereby agrees to return it promptly upon request. General solicitations, prospecting by mail and advertising are strictly prohibited.

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The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or to participate in any trading strategy or potential fund to be sponsored by DelCam. If any offer of securities is made, it will be pursuant to a definitive offering memorandum prepared by DelCam that contains material information not contained herein and which supersedes this information in its entirety. Any decision to invest in the strategy or fund managed by DelCam should be made after reviewing such definitive offering memorandum, conducting such investigations as the investor deems necessary and consulting the investor’s own investment, legal, accounting and tax advisors in order to make an independent determination of the suitability and consequences of an investment. An investment in DelCam’s strategy involves significant risks, including loss of the entire investment.

 

All performance and internal rates of return contained herein are subject to revision by DelCam and are provided solely as a guide to current performance expectations. Past performance does not guarantee future results. Actual results may vary. As of the date hereof, DelCam has not made any investments. There can be no assurance that DelCam’s strategy will achieve any targets or that there will be any return on capital. Historic performance is not necessarily indicative of future performance, which could vary substantially. The performance figures contained herein are provided on a net basis. The performance is calculated in U.S. dollars.

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As used herein with respect to an individual investment, “IRR” is intended to represent the net compounded annual internal rate of return on the realized investment. The IRR is calculated from the time each investment is made until the date such investment was disposed of, fully or partially, and is based on the aggregate capital contributions made to, and on the aggregate realized proceeds (including all cash received from the disposition of the investment and any other cash received from the investment, including payments of principal, interest, dividends, if applicable) from, the respective realized investment.

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The information presented herein, including, but not limited to, DelCam’s investment experience, returns or performance, investment strategies, risk management, market opportunity, representative strategies, portfolio construction, capitalizations, expectations, targets, parameters, guidelines, and positions may involve DelCam’s views, estimates, assumptions, facts and information from other sources that are believed to be accurate and reliable and are as of the date this information is presented—any of which may change without notice. DelCam has no obligation (express or implied) to update any or all of the information contained herein or to advise you of any changes; nor does DelCam make any express or implied warranties or representations as to the completeness or accuracy or accept responsibility for errors. The information presented is for illustrative purposes only and does not constitute an exhaustive explanation of the investment process, investment strategies or risk management.

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Certain information contained in the presentation constitutes forward looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “target,” “project,” “estimate,” “intend,” “continue,” or “believe,” or the negative thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties, actual events or results or the actual performance of DelCam may differ materially from those reflected or contemplated in such forward-looking statements.

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Investments in DelCam’s strategy or fund are not deposits or obligations of, or guaranteed or endorsed by, any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board or any other governmental agency.

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No person (other than DelCam and its principals and employees) has been authorized to make any statement concerning DelCam and any such statements, if made, may not be relied upon.

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