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San Francisco's Golden Gate Capital has acquired Nu Visions Manufacturing, an electronics manufacturing company, from components distributor Nu Horizons Electronics Corp. for $31.5 million.
The $700 million private equity firm was attracted to Nu Vision's strong profit margins and steady performance stemming from its focus on complex, lowvolume electronics manufacturing done for corporate customers in the industrial, military and health-care sectors.
"That gives you a strong tailwind at your back in terms of your investment," said Prescott Ashe, a managing director at Golden Gate.
The transaction is another...