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Cary Street Partners Announces the Sale of Aigis Mechtronics LLC
July 23, 2007 - Cary Street Partners served as the exclusive financial advisor for Aigis Mechtronics in connection with its sale to Nortek, Inc., a subsidiary of Thomas H. Lee Partners. The transaction gives Aigis access to the resources of one of the leading international designers, manufacturers and marketers of high-quality brand name building products and further strengthens Nortek’s line of audio, visual, and security products. Terms of the transaction were not disclosed.
Aigis, headquartered in Winston-Salem, North Carolina, is a leading designer, manufacturer, and marketer of high end products primarily for use in the Closed Circuit Television (CCTV) segment of the global security industry. The Company sells its products to OEMs, dealers, installers, and distributors through a nationwide network of electronics manufacturing representatives.
Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.
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