Wednesday, October 28, 2015
Secure Technology Company Sold To Benchmark Electronics For $230M
Santa Ana-based Secure Technology Company, a developer of ruggedized computers for the military and other markets, has been sold to Benchmark Electronics in a deal worth $230M in cash. Secure Technolgoy Company was owned by private equity investor Vance Street Capital. Secure Technology's computers and other electronics are sold into the highly regulated industrial, aerospace and defense markets. Vance Street Capital had acquired Secure in October of 2009. Secure Technology was advised by Harris Williams & Co. and O'Melveny & Myers in the deal; Benchmark was advised by J.P. Morgan Securities and Sheppard, Mullin, Richter & Hampton LLP.