Arcline Investment Management acquires Evans Capacitor Company
Arcline Investment Management (“Arcline”), a growth-oriented private equity firm with $1.5 billion of committed capital, today announced that it has acquired Evans Capacitor Company (“Evans Capacitor” or “the Company”). Arcline expects Evans Capacitor to be the first of several potential acquisitions as it seeks to build a specialty electronic components platform.
Kevin Perhamus, an industry veteran with more than 25 years of experience, will serve as CEO of the platform. Most recently, Kevin served as CEO of Winchester Interconnect for 10 years.
Evans Capacitor designs and manufactures high-reliability, power dense capacitors. The Company’s products provide superior size, weight, power and reliability specifications, enabling customers to develop next-generation electronic systems for aerospace, defense and industrial applications.
Arcline commented, “We are excited to partner with Kevin and Evans Capacitor management to support their next phase of growth through acquisitions of similarly exceptional electronic components manufacturers.”
Charlie Dewey, Co-Founder and CEO of Evans Capacitor, stated, “First and foremost, we want to thank everyone who has contributed to Evans Capacitor’s growth over the last 24 years, especially our customers and our employees. Arcline’s commitment to investing in our products and our people will continue to serve our stakeholders well for many years to come.”
Kevin Perhamus added, “Evans Capacitor is an industry leader, full of talented people who make some of the world’s best capacitors for the most demanding applications. I am proud to partner with Arcline and look forward to joining Evans Capacitor to continue their momentum and drive the Company to even greater heights, both through internal investments and acquisitions.”
Houlihan Lokey served as financial advisor to Arcline.
About Quantic Electronics
Quantic is an electronic component company focused on defining and delivering the future of mission-critical electronics. We have over a century of combined experience as reliable problem-solvers and trusted partners in military, aerospace, industrial and commercial markets. For more information, visit www.quanticnow.com.
About Arcline Investment Management
Arcline is a growth-oriented private equity firm that seeks to invest in thriving middle market businesses in high value industries. Arcline’s differentiated investment strategy combines deep business model expertise, proactive thematic research, an unrelenting focus on the upside and a collaborative, management-first approach to value creation. The firm’s primary sectors of interest include defense, aerospace, critical infrastructure services, industrial & medical technology, life sciences and specialty materials. Launched in 2019, Arcline currently has $4.3 billion in cumulative capital commitments. For more information visit www.arcline.com.
November 19, 2020
East Providence, Rhode Island