|By PR Newswire||
|August 11, 2014 10:13 AM EDT||
DALLAS, Aug. 11, 2014 /PRNewswire/ -- Wingate Partners V, LP has announced that they, in combination with company leadership, have acquired Strata Worldwide Holdings, Inc. ("Strata"). Terms of the transaction were not disclosed.
Strata is a leading global provider of innovative safety products and services to the mining industry.
"Wingate Partners is a great match for Strata as we both share a common vision and strategy that will lead to continued market share gain in the mining sector and future growth into adjacent markets." said Mike Berube, recently promoted CEO of Strata Worldwide.
"We are looking forward to working with Mike Berube and the Strata team. Strata has exciting worldwide growth opportunities," said Jim Johnson, Partner of Wingate Partners.
About Strata Worldwide:
Strata is a global leader in mine safety solutions that promote a safer, more productive working environment above and below ground.
Strata's products include electronic safety products such as proximity detection and collision avoidance systems, wireless communication and tracking systems, and atmospheric monitoring equipment.
Product lines also include underground roof support systems, refuge and breathing systems (including emergency refuge chambers), and mining construction services.
Headquartered in Atlanta, Georgia the company has service and sales support offices in the mining regions of the U.S., South Africa, Australia and Europe.
For information about Strata Worldwide, visit www.strataworldwide.com
About Wingate Partners:
Wingate Partners was founded in 1987 to purchase controlling equity interests in companies with the opportunity to create value through superior operational and strategic execution. Typically, Wingate's investments fall into two primary categories: profitable companies in changing or out of favor industries and under-performing companies. In both cases, equity value is created by improving the operating performance of the business and by developing long-term strategies to exploit changing industry dynamics. Our professionals bring substantial senior-level operating and strategic experience in addition to extensive careers in acquiring companies.
For more information on Wingate Partners, visit www.wingatepartners.com.
This press release is for informational purposes and is not an offer to sell, or a solicitation of an offer to buy securities in the United States or elsewhere. Wingate Partners is not utilizing this release to provide investment or other advice, and no information disclosed therein is to be relied upon for the purpose of making investment decisions. Any transactions described are included as representative transactions and are not necessarily reflective of overall performance.
SOURCE Wingate Partners
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