Capstone Partners advised MilesTek Corporation, a portfolio business of the private equity firm Svoboda Collins LLC, on its recent acquisition by Castle Island Partners, LLC. Capstone initiated the transaction and served as the exclusive investment banking advisor to the shareholders of MilesTek.
We remain very aggressive in the connectivity sector overall and are very pleased to have represented another industry leader as well as one of the premier investors in the segment.
The announcement marks Capstone’s latest transaction in a string of recent M&A deals in the electronic connectivity components distribution sector.
MilesTek Corporation, headquartered in Denton, Texas, is a leading value-added distributor of private label and branded electronic connectivity components for military avionics, broadcast, and DS3/telecom industries. Components supplied include cables, connectors, and installation tools. Founded in 1981 as a supplier of custom designed telecommunications products, MilesTek has grown to become a global catalog and Internet direct marketer delivering products to over 25,000 customers in the contractor & installer, system/network integrator, telecommunications, audio/visual, educational, government, and military markets.
Svoboda, Collins LLC is a Chicago-based private equity firm with over $200 million of committed capital. Founded in 1998, Svoboda Collins identifies, invests in and helps build successful businesses in its targeted sectors, including value-added distribution, business services, and consumer products and services.
Castle Island Partners, LLC is a Boston-based private equity firm focused on partnership-oriented investments in middle market companies. CIP’s team has substantial investment experience at firms such as Bain Capital, Parthenon Capital and DLJ, and includes a board of Advisory Partners, who are highly accomplished executives and business leaders.