ACR Electronics has new ownership

Author:
Updated:
Original:

ACR Electronics confirmed that the 56-year-old company was acquired by an investment fund managed by J.F. Lehman & Co., a middle-market private equity firm focused on defense, aerospace and maritime sectors.

ACR most recently was a business unit of Cobham Commercial Systems, according to the company.

The acquisition by J.F. Lehman follows a yearlong effort by ACR/Cobham Commercial Systems to consolidate additional business units — Tracking and Locating military radios and Artex Emergency Locator Transmitter Products — into the ACR operation in Fort Lauderdale. ACR employs 180 people there.

ACR, which was founded in 1956, designs and makes a complete line of safety and survival products sold through the ACR and Artex brand names. The products include 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,” general manager Michael Wilkerson said in a statement. “ACR and Artex earn its customers’ trust and continued business by building the world's most reliable products. Knowing that our products must work without failure, we employ rigorous quality management systems second to none.”

Related

NMMA Confirms Industry Growth

NMMA president Frank Hugelmeyer said the boating business grew 12 percent last year during yesterday’s virtual State of the Boating Industry address.

Newport Show Dates Announced

Organizers are planning for an in-person Golden Anniversary edition of the show Sept. 16-19.

Quick Hits: March 5, 2021

The National Association of Manufacturers names Brunswick Corp. CFO Ryan Gwillim to its Board of Directors.

Caught Red-Handed

Two commercial fishermen were jailed for possessing an illegal haul that included 100 undersized lobster tails, which is a felony. Also, fisheries management gets new funding.

Bennington Expands Operations

The pontoon builder plans to add jobs at its new facility in Elkhart County, Ind., and increase manufacturing output.

KVH Industries Names CFO

Longtime telecom financial executive Roger A. Kuebel assumes the position that COO Brent Bruun had held in an interim capacity.