Arcline Investment Management, a private equity firm, acquires Meritec Inc. and its wholly-owned subsidiary Joy Signal Technology.

Meritec designs and manufactures interconnect embedded systems for military aerospace, medical, and industrial end markets.

Arcline projects that Meritec will be the first of several acquisitions as the firm plans to build a specialty interconnects platform. Kevin Perhamus, the former Chief Executive Officer of Winchester Interconnect, will act as Chief Executive Officer of Meritec’s new platform.

“We are proud of the Company we have built through the efforts of our associates and partnership with our customers. I am confident that great things are to come through Arcline’s investment in our future,” said John T. “Jack” Venaleck Sr., founder of Meritec.

Houlihan Lokey acted as financial advisor to Arcline.