Cave Creek Capital (our affiliated private equity fund) completed the management buyout of Vibration Mountings & Control (“VMC”), a division of Aeroflex, Inc (NASD: ARXX).  Cave Creek Capital Management LLC invested in the Equity Securities alongside Management and served as their Financial Advisor in raising the Senior Debt and Mezzanine Securities.

VMC is a leader in the design and manufacture of vibration isolation, shock and seismic restraint systems, providing engineered solutions for the commercial, industrial and military markets.  Headquartered in Bloomingdale, NJ, the Company sells to the following primary markets; (i) building mechanical/HVAC contractors; (ii) OEM’s for the transportation, heavy equipment and power generation sectors and; (iii) mounting systems for defense electronics and weapons systems.  Systems to reduce shock and vibration are critical in many applications and markets and are often mandated by law.  VMC’s management team has achieved a worldwide reputation in this area and brings over 80 years of collective experience in this market.

PNC Business Credit provided a senior bank facility of $9.2 million and Management, Cave Creek Capital and Hill Street Capital provided Equity and Subordinated Capital of $4 million.