St. Louis, MO, July, 2011
Capital For Business, Inc.® (CFB) announced today that it recently completed the acquisition of Buse Industries, Inc. and its sister company Connection Concepts, Inc. (Buse or the Company).
The Company is a manufacturer of electro-mechanical custom cable assemblies and wire harnesses for a wide range of products developed by original equipment manufacturers (OEMs) as well as communication providers and system integrators. Buse specializes in cable assemblies for low-to-medium volume/high-mix OEMs, and must meet rigorous customer specifications in the medical, military, commercial transportation, and general commercial applications. The Company also focuses on communication cable assembly manufacturing and distribution to communication providers, OEMs, contractors, and system integrators. Their communication cables are used in telecommunication switches or networks in a central office.
In addition to CFB, the investor group included Diamond State Ventures of Little Rock, Arkansas, as well as key members of the Company’s management. The senior financing of the deal was provided by Carrollton Bank.