LOS ANGELES, CA--(Marketwired - Jun 2, 2015) - Levine Leichtman Capital Partners ("LLCP") announced today that it has completed the sale of Pacific Wave Systems, Inc. ("Pacific Wave" or the "Company") to COM DEV International Ltd. ("COM DEV").
Pacific Wave, headquartered in Garden Grove, CA, is a leading manufacturer of machined waveguide assemblies. Having over 500 years of space legacy time, the Company is widely recognized for its high-quality and reliable product offering within the aerospace industry. Pacific Wave was founded in 1990 and sells its products to large domestic and international commercial satellite manufacturers.
Lauren Leichtman, CEO of LLCP, said, "We are very pleased with the outcome of this investment. The management team worked tirelessly in managing the business through the recession, continuously increasing market share and growing the business to new heights. We are very pleased with the results of our investment, and we wish the best of luck to the Pacific Wave management team and to COM DEV."
Morgan, Lewis & Bockius LLP served as legal advisor to Pacific Wave in connection with the sale.
About Levine Leichtman Capital Partners
LLCP is a Los Angeles, California based private investment firm that has managed approximately $7.0 billion of institutional capital since its inception. LLCP invests in middle market companies located in the United States and Europe. LLCP invests its capital through private equity partnerships and various debt and leveraged loan funds. LLCP is currently making new investments through Levine Leichtman Capital Partners V, L.P., Levine Leichtman Capital Partners SBIC Fund, L.P., Levine Leichtman Capital Partners Private Capital Solutions, L.P., Levine Leichtman Capital Partners Europe, L.P. and LLCP Co-Investment Fund, L.P. LLCP has offices in Los Angeles, New York, Dallas, Chicago, London and The Hague. For further information please see http://www.llcp.com .
Contact Information:
Media Contact:
David Wolmer
310-275-5335