Greenwich-based private equity firm Littlejohn & Co. has sold Wyle, a Houston-based engineering services company to Court Square Capital of New York City.
The specific terms of the transaction are not available.
“We are excited about Wyle’s future prospects with a strong new financial partner, which will facilitate strategic investments to achieve the company’s growth aspirations,” said George Melton, CEO and president of Wyle.
According to a Littlejohn & Co. spokesperson, the company acquired Wyle in 2003 and made additional investments in 2005 and 2008 to significantly broaden the company’s service offering and customer base.
Wyle provides biomedical and engineering services for NASA’s human space missions; test and evaluation of aircraft, weapon systems, networks, and other government assets; and other engineering services to the aerospace, defense, and nuclear power industries.
Wyle generates approximately $800 million in annual sales and has more than 3,800 employees at 40 primary locations around the country. All aspects of Wyle’s operations, organization structure, and management team remain unchanged.
