AC Photonics Grabs Investment
SANTA CLARA, CA, CenterGate Capital has made an investment in AC Photonics.
CenterGate Capital ("CenterGate"), an Austin-based private equity investment firm, announced today that it has made an investment in AC Photonics ("ACP"), a leading provider of precision optical and fiber optic components and modules designed and engineered to its customers' precise specifications.
Headquartered in Santa Clara, California, ACP designs and engineers its products to its customers' precise specifications, creating photonic solutions across a wide range of fiber optic communication applications. With an industry leading quality control program that delivers high reliability products, its product portfolio includes fiber optic components and modules, both passive and active, fused and/or filter based- all of which are relied on by its customers to enhance their capabilities and improve their network performance.
CEO Arthur Wang, who founded ACP in 1995, will continue to lead the company and serve on its Board of Directors.
"We could not be more excited to have CenterGate partner with ACP," commented Wang. "CenterGate's investment will provide ACP the capital and strategic resources necessary to both better serve our customers and realize our future growth plans."
Lewis Schoenwetter, Managing Director at CenterGate Capital, added, "CenterGate is thrilled to partner with Arthur and the dynamic AC Photonics team. We believe our partnership will unlock additional opportunities as ACP continues on its growth path as we leverage its passive optical components leadership position for new customers and markets."
Robert Ullman of Dinan Capital Advisors acted as the exclusive financial advisor to ACP on the transaction.
About AC Photonics
AC Photonics is a leading provider of precision optical and fiber optic components and modules, both passive and active. Its design and engineering expertise services a broad product portfolio of optical solutions including fiber optic modules, fused and/or filter based fiber optic components, switches, PM components, PLC products, light sources, modulators, and optical lenses and prisms. Headquartered in Santa Clara, Califonia, ACP's product portfolio delivers optical and optoelectronic integrated solutions across a wide range of fiber optic applications. For more information, please visit http://www.acphotonics.com.
About CenterGate Capital
CenterGate Capital is a private equity firm that helps companies drive meaningful growth and value through dynamic partnerships and supportive capital. CenterGate enables companies to realize their potential by supplementing management's operational and industry expertise with CenterGate's diverse business guidance and insight. CenterGate focuses on investing in lower middle market companies with $20 to $250 million of revenue. Companies interested in more information should visit http://www.centergatecapital.com.
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