Seacon Phoenix Incorporated — A Private Equity Buyer

NEBC is pleased to announce the sale of Seacon Phoenix, Inc. and its sister company, Phoenix Optix, Inc. The buyer, a private equity firm, plans to position Seacon as a platform for future growth. NEBC represented Seacon Phoenix in all phases of the transaction, successfully facilitating an agreement that met the expectations of both parties. Details of the deal were not disclosed.

Headquartered in Westerly, Rhode Island, Seacon Phoenix, Inc. is a leading manufacturer of a broad range of underwater and harsh environment electrical and optical components used in a variety of military and industrial applications. The Company also offers other value added services including testing, failure analysis and integrated logistics support. Through sister company Phoenix Optix, they also manufacture high performance fiber optic products.