Arcline Investment Management Acquires Ohmega Technologies
January 7, 2021 | Arcline Investment ManagementEstimated reading time: 1 minute
Arcline Investment Management, a growth-oriented private equity firm with $1.5 billion of committed capital, announced that it has expanded its specialty electronic components platform with the acquisition of Ohmega Technologies, a leading manufacturer of advanced embedded thin-film resistive materials. Ohmega was acquired from the Alan D. Leve Family. Alan, who founded Ohmega in 1983 and served as CEO since its inception, felt that Arcline would be an excellent steward to take the Company forward and build upon the foundation that exists today.
Arcline commented, “The addition of Ohmega perfectly aligns with our specialty electronic components platform growth strategy to assemble a portfolio of companies with world-class products and customer service. We are excited to work with this talented team to accelerate Ohmega’s growth while maintaining the Company’s unique culture and customer-first mindset.”
Bruce Mahler, Vice President and General Manager of Ohmega, added, “We are very pleased with the acquisition of Ohmega by Arcline. Our commitment to the long-term supply of OhmegaPly® to our customers is enhanced with this acquisition. We’re also excited by the prospect of working with Arcline and Kevin Perhamus, the President of Arcline’s specialty electronic components group, and know that Arcline’s commitment to investing in Ohmega and OhmegaPly® will serve our customers well for many years to come.”
Over more than five decades, OhmegaPly® has recorded trillions of operational hours within billions of printed circuit boards across a wide range of applications, including Aerospace & Defense, Automotive, Consumer, Medical, and Telecommunications. The Company’s OhmegaPly® Embedded Resistor Technology acts as a resistive “blank slate” eliminating the need for discrete surface mount resistors, providing printed circuit board designers with a key tool for addressing contemporary electronic issues that require passive resistors or resistive films.
Lincoln International served as financial advisor to Arcline. Houlihan Lokey served as financial advisor to Ohmega
Suggested Items
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.