Daily News: December 10, 2012

Insight Equity Acquires Micross Components

An affiliate of Insight Equity Holdings LLC announced its acquisition of Micross Components, Inc. from Vance Street Capital LLC.

Micross is a provider of specialized semiconductor products and value-added services, including bare die and wafer processing and custom packaging, for mission critical, high-reliability (hi-rel) applications in a variety of end-markets. Such hi-rel applications include missile and unmanned aerial vehicle guidance systems, satellites, implantable medical devices and down-hole drilling sensors, among others. Micross serves established platforms in defense, commercial aerospace and space, as well as emerging applications in oil & gas, medical, and telecommunications. Micross has a 30-plus-year heritage, is headquartered in Orlando, FL, and has operations in both the U.S .and the United Kingdom.

Brad Buser, a vice president at Insight Equity who led the transaction team, stated, “We look forward to working together with the Micross management team to build on Micross’ strong position in its multiple end markets and to grow the business through a continued focus on providing exceptional products and services and pursuing strategic add-on acquisitions.”

Victor Vescovo, COO and managing partner at Insight Equity, commented, “We are thrilled to invest in this important and growing industry niche and look forward to partnering with Micross’ strong management team. We believe our hands-on collaborative approach and our team members