Categorized | JAX Briefs

Heritage Capital instrumental in TRCI acquisition of Patco

Heritage Capital Group has announced it was the financial advisor in Technology Research Corporation’s acquisition of Patco electronic, Inc. Heritage Capital Group identified the seller and assisted the buyer in negotiating the transaction.

TRCI acquired 100%of the stock of Patco from its shareholders for cash, TRCI common stock, and contingent cash payments.

Patco, located in Titusville, Fla., designs and manufactures battery-management tools for secondary or rechargeable batteries in several battery chemistries, including lead acid and lithium ion. The company’s products support customers in the military, commercial, and industrial sectors.

TRCI is an internationally recognized leader in electrical safety products that prevent electrocution and electrical shock.

Heritage Capital Group, headquartered in Jacksonville, is a middle-market investment banking firm.

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