FOR IMMEDIATE RELEASE
October 10, 2018
Weller Equity has Recapitalized Mirac, Inc.
Lynchburg, OH – Transact Capital Partners is pleased to announce that Mirac, Inc. has been recapitalized to meet the demands of growth. Transact Capital Partners served as the exclusive financial advisor to Mirac, Inc. Fred Doster managed the transaction for Transact Capital.
Mirac, Inc. was founded in 1992 and provides world-class contract electronics assembly and fabrication, specializing in printed circuit boards (“PCB”) from its headquarters in Lynchburg, Ohio and wire harness services produced at their plant in West Union, Ohio.
According to Ken Berryman, Weller Equity Management, representing the investing partners of the Company: “We are always looking for growing companies that have a history of solid performance, a good management team and continued prospects for growth.” Ralph Captain, Mirac, Inc.’s CEO, said: “I am very pleased Mirac’s new partner has the same vision that we have when it comes to serving our customers and retaining our management team. Having a smooth transition and a continuity for our customers was my goal. I believe Transact helped me accomplish my goal.”
Transact Capital Partners is a full-service business brokerage, mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices in Roanoke, VA, Lexington, KY, and Orlando, FL. Transact focuses on the needs of small privately held companies in the lower middle market with enterprise values under $100 million. With extensive experience in owning, running, and investing in private companies or divisions of public companies, the firm’s principals are able to help many business owners exit their companies or explore other opportunities. Security transactions are offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please call Fred Doster at 859-223-8157 (Fred@TransactCapital.com), or contact Steve Zacharias at 804-612-7102 (Steve@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.
Transact Capital Partners
4991 Lake Brook Dr., Suite 150
Richmond, VA 23060