- Omni-Lite Industries (OLNCF, Financial) acquires Electronic Components, Inc. (eComp) for $350,000 in an all-cash deal.
- The acquisition is expected to provide immediate positive earnings and expand Omni-Lite's presence in the high-performance electronics sector.
- eComp's established customer relationships will enhance Omni-Lite's capabilities in the aerospace & defense industry.
Omni-Lite Industries Canada Inc. (OLNCF) has successfully completed the strategic acquisition of Framingham, Massachusetts-based Electronic Components, Inc. (eComp), a renowned distributor of hard-to-find electronic components. This all-cash transaction, valued at approximately $350,000, aims to enhance Omni-Lite's footprint within the aerospace & defense, medical, and energy markets.
eComp, well-regarded for its electronic solutions addressing obsolescence and technology upgrades, is expected to contribute positively to Omni-Lite's earnings immediately. This acquisition aligns with Omni-Lite's strategy to strengthen its presence in the high-performance electronics space.
Omni-Lite aims to leverage eComp’s solid customer relationships and expertise to open new sales channels and expand its customer base for existing products. The integration will combine eComp's market presence with Monzite's technological capabilities, bolstering Omni-Lite's opportunities in sustaining and modernizing mature programs.
David Robbins, CEO of Omni-Lite, expressed enthusiasm about the merger, emphasizing the synergy between eComp's customer network and Monzite's technology strengths. Richard Nadeau, President and Founder of eComp, highlighted the potential to deliver enhanced value through the partnership.
Omni-Lite Industries continues to focus on delivering mission-critical, precision-engineered components to Fortune 100 companies, particularly in aerospace and defense. The addition of eComp is a strategic move to enhance its offerings and market reach.
