Founders Advantage Capital (FAC) completed its previously announced acquisition of a 52 percent majority interest in Cape Communications International, which operates as Impact Radio Accessories for a total cash purchase price of $12 million.DHS Awards $200,000 to sUAS Resilience Firm
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The transaction was completed between the corporation; Keith Kostek, Impact’s president and founder; and Kostek's related entities.
Impact designs, manufactures, distributes and retails two-way radio accessories in the LMR industry under Impact Radio Accessories and indirectly through its wholly owned subsidiary Threat4. Impact sells through more than 1,000 dealers throughout North America, with its products being used in the field by public safety, military, security, retail, and hospitality.
On closing of the transaction, the Impact board of directors was comprised of Kostek, Stephen Reid and James Bell.
"As a founder and entrepreneur, the FA Capital model was a perfect fit for me as it allowed me to add a sophisticated partner, enjoy a partial liquidity event and receive a disproportionate share of Impact’s future growth,” Kostek said. “The Impact team is proud to have FAC as our majority shareholder, and we look forward to building value for FAC’s shareholders.”
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