article thumbnail

Electro Rent Closes Telogy Buy

socalTECH

Van Nuys-based Electro Rent announced Wednesday afternoon that it has completed its acquisition of Telogy LLC , a supplier of electronic test equipment. According to Electro Rent, it will transfer TElogy's equipment inventory to its Southern California distribution center and integrate Telogy's operations into its own.

Van Nuys 113
article thumbnail

Platinum Equity Acquires Electro Rent For $323.4M

SoCal Tech Calendar

Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M for Electro Rent. Platinum Equity said ti will pay $13.12 per share in cash for Electro Rent, which it says is a premium of 24.4

Van Nuys 100
article thumbnail

Local Firms Recognized For Innovation

socalTECH

A number of local, Southern California firms were recognized today by the Wall Street Journal, in that publication's annual Technology Innovation Awards.

Van Nuys 154