Supercircuits Receives $10M Investment Injection
Supercircuits, a manufacturer and distributor of commercial and residential video surveillance solutions, has received a $10 million investment from The Carlyle Group.
The investor, one of the world’s largest private equity firms, purchased a controlling interest in Supercircuits in August 2006. The new capital will be used to invest in new technologies and products, and eliminate the Texas-based company’s debt.
“Carlyle’s investment is a vote of confidence in our business model and our continued success,” says Brian Wood, Chairman and CEO of Supercircuits. “At a time when many other companies in this industry are struggling, Supercircuits is increasing our market share and delivering impressive results for Carlyle.”
The new capital is expected to help the company expand its product offerings and further invest in law enforcement and dealer initiatives, Wood says.
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