Aeronix Completes First Add-on Acquisition
The Partners of ShoreView are pleased to announce that Aeronix, a ShoreView portfolio company, has acquired ITI Engineering, LLC (“ITI”).
ITI is a supplier of ground-based mission logistics systems and associated engineering services for defense aerospace applications. ITI is headquartered in Orlando, Florida.
Headquartered in Melbourne, Florida, Aeronix is a supplier of data transfer, signal analysis, and communications products and related engineering services primarily to the defense industry. Products include ruggedized ethernet switches, tactical data link technology, software defined radios, mission logistics systems, and signal processing technology.
Aeronix will continue to seek additional add-on opportunities in the defense electronics sector of companies with complementary product and service offerings. For more information on Aeronix, please visit its website at www.aeronix.com.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family and entrepreneur-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. Shoreview structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.