© ljupco smokovski dreamstime.com General | April 05, 2019
Cache Creek Industries buys Automated Business Power
Cache Creek Industries LLC, a Los Angeles-based private equity firm, has partnered with Denver-based Rockmont Capital Partners Ltd. to purchase Automated Business Power Inc. (ABP), for an undisclosed amount.
ABP designs and manufactures advanced, field deployable, integrated power and C4I (Command, Control, Communications, Computers and Intelligence) systems for a wide range of communication equipment deployed in command post, tactical operations center, shelter, vehicle, aircraft and shipboard applications. The company represents Cache Creek’s second acquisition in the defense electronics sector. In a press release, newly appointed ABP Chairman Dean Douglas said, “ABP’s mission critical products are known throughout the industry as being of the highest quality and reliability. The company’s culture of operational excellence has enabled ABP to meet the most demanding needs of its blue-chip customers for decades.” Douglas also serves as a partner at Cache Creek. Jake Blumenthal, the Cache Creek Partner who led the transaction, added, “The ABP investment represents Cache Creek’s second acquisition in the defense electronics sector in less than a year. The military’s continued focus on procuring high-reliability, mission critical electronic communications solutions should benefit both ABP and our existing portfolio company, Mountain Secure Systems for years to come.”