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Four Inc. Welcomes Art Richer to its Board of Directors

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Four Inc. Welcomes Art Richer to its Board of Directors

HERNDON, Va.Nov. 21, 2024 — Four Inc. and Sverica Capital Management are thrilled to announce the addition of Art Richer to its corporate board of directors. The Four Inc. Board is set to play a key role in advising and strengthening Four Inc.’s public sector growth strategies, while also providing valuable market insights.

Art Richer brings a wealth of experience and expertise in the government IT sector to the Four Inc. Board. His distinguished career includes serving as President and CEO of DLT Solutions, where he led the company’s pivot from value-added reseller into a premier public sector distributor. Before his time at DLT, Richer spent 18 years at the public sector distributor immixGroup, where he began as Vice President and eventually became President and CEO. His extensive background and leadership skills will be instrumental in guiding Four Inc.’s continued platform evolution supporting the public sector IT channel and future strategic initiatives.

“We are excited to welcome Art to our newly established Four Inc. Board,” said Jeff Nolan, Chief Executive Officer and President of Four Inc. “Art’s deep knowledge of the government sector and his proven leadership will be a tremendous asset to our team. His expertise will help us refine our strategies, better serve our technology clients, customers, and provide even greater value to our partners.”

The new Four Inc. Board will focus on enhancing Four Inc.’s market position in the public sector and driving long-term success for the company and its partners. Art’s involvement marks a significant step forward in Four Inc.’s commitment to continued growth and excellence in the government technology space.

About Four Inc.

Four Inc. is a boutique distributor committed to empowering its enterprise software and complex solution manufactures with access to a wide array of contracting vehicles and reselling partners, enabling them to meet the evolving technological needs and IT challenges of the public sector. Four Inc.’s expertise of the federal IT landscape and their carefully crafted ecosystem of manufacturers and partners has enabled them to expertly deliver the right technology solutions and services to their customers. Four has earned recognition as a Top 100 government contractor on Washington Technology’s Top 100 Report consecutively for the last nine years. For more information, visit www.fourinc.com.

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Sverica Capital Sees Opportunities in Advancing Defense Tech in ESC

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Sverica Capital Sees Opportunities in Advancing Defense Tech in ESC

Boston, MA, November 8, 2024 – “Boston-headquarted Sverica Capital Management recently acquired Electronic Source Company, an electronic manufacturing services company based in Nuys, California that serves the aerospace and defense and space markets with high-reliability circuit card assemblies.

Under-investment in defense and Western governments racing to catch up on advanced technologies are some of the opportunities that the firm identified with this deal…”

To read the full article, click here.

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Sverica Capital Management Announces Investment in Electronic Source Company

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Sverica Capital Management Announces Investment in Electronic Source Company

Boston, MA, October 22, 2024 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, today announced that on October 18 it made a strategic investment in Electronic Source Company (“ESC”), an electronic manufacturing services company serving the Aerospace & Defense and Space markets with high-reliability circuit card assemblies.

Based in Van Nuys, California, ESC is an ITAR-registered, NadCap and AS9100D accredited provider of defense electronics, delivering through world-class process controls and procedures with the highest standards of on-time-deliveries and customer acceptance rates.  Founded in 1994 by Scott Alyn, the company is led by a second-generation leadership team with deep experience in the advanced electronics market that has achieved an impressive growth rate over six years of operating together. The Company serves prime and Tier 1 defense and space contractors to high-profile programs like the F-18, F-35, F-16, C-130, H-60 Blackhawk, AH-64 Apache, Boeing 787, Patriot Missile, the Orion deep space capsule, Mars Rover and the International Space Station. Chris Sorby, President, will continue to lead the Company while Dave Finley, Managing Partner at Sverica, Greg Hylant, Principal at Sverica, and Scott Alyn will join the board. Also joining the board will be Steve Stone, the former CEO of Primus Technologies, a key player in the defense electronics space.

Dave Finley, Managing Partner at Sverica commented, “We appreciate Scott choosing Sverica as the steward of the company he founded 30 years ago and are pleased to partner with the ESC team to help them develop and execute a growth strategy into the ever-evolving area of defense electronics.  ESC’s impressive financial and operational performance has the Company gaining increasing exposure to high-profile military and space programs where product failure is not an option.”

Greg Hylant, Principal at Sverica stated, “ESC has established itself as a trusted partner to defense prime contractors through its dedication to quality, reliability and high levels of customer support. As the military modernizes, the need for advanced electronics is dramatically expanding, providing a compelling opportunity for ESC to capitalize on its hard-won reputation to drive future growth.”

Scott Alyn, Founder, Former Chairman of Electronic Source Company stated: “For the last 20 years, ESC has focused on uncompromising quality electronics for critical applications in the most demanding environments. We truly believe we have a responsibility to our customers to deliver on this challenge, and with Sverica as our capital partner, we are excited and confident in their stewardship.”

About Electronic Source Company

Founded in 1994, Electronic Source Company (“ESC”) is a specialty provider of high-reliability electronics components for mission-critical product applications in the most demanding environments, primarily in the Aerospace & Defense and Space end markets. The Company is a full electronics assembly and turnkey partner for its customers, offering a complete spectrum of end-to-end services from circuit card assembly through complex box build, complemented by engineering services, prototype assembly, new product introduction, test services and supply chain solutions.

For more information, please visit https://electronic-source.com/.  

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