Tuesday, March 3, 2009
DR Technologies Acquired By Nogales Investors
Los Angeles-based private equity firm Nogales Investors announced today that it has acquired a controlling interest in San Diego-based DR Technologies, a developer and manufacturer of advanced composite structural products for the aerospace and defense industry. Financial terms of the recapitalization was not disclosed. According to Nogales, the transaction was structures so that Nogales Investors would provide liquidity to outside investors in DR Technologies, with management of the firm retaining a "substantial ownership" position in the firm. DR Technologies also has a number of subsidiaries, including Vanguard Composites Group, V System Composites and Vector Composite--all of which provide products for the aerospace and defense industry.