DelCam Capital, a Massachusetts-based private equity firm focused on acquiring niche, family-owned manufacturing businesses, has acquired Space Age Electronics Inc., a manufacturer of fire and life safety equipment.
Based in Sterling, Mass., the company employs approximately 80 staff across three facilities, focusing on the design and manufacture of safety equipment. Following the acquisition, Matt Grady, the current COO of Space Age Electronics, will assume leadership responsibilities for the company. As part of the acquisition strategy, DelCam Capital announced an initiative where all employees of Space Age Electronics will become owners in the enterprise.