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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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Sverica Capital Management Announces Growth Investment in FOUR Inc.

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Sverica Capital Management Announces Growth Investment in FOUR Inc.

San Francisco, CA, September 17, 2024 – Sverica Capital Management LP (“Sverica”), a private equity investment firm, announced today that it has made a strategic growth investment in FOUR Inc. (“FOUR” or the “Company”).

Founded in 2006, FOUR is a boutique aggregator dedicated to helping technology companies do business with the public sector. FOUR supports enterprise software and complex solution manufacturers in bringing their offerings to Federal, State, Local, and Higher Education customers by providing marketing & demand generation support activities, contract vehicle access, strategic relationships with a cultivated network of value-added resale (VAR) partners, along with financing and deal lifecycle management.

“We have prided ourselves on establishing trusted partnerships and taking great care of our people, partners and customers, thereby creating a culture of excellence along with consistently delivering exceptional results for our customers,” said Jeff Nolan, Co-Founder, President and CEO of FOUR. “As we evaluated potential financial partners, Sverica differentiated itself as a committed thought partner who not only understood and shared our vision for continued growth, but also appreciated the importance of preserving our firm’s culture. We are eager to start collaborating with the Sverica team to take FOUR to new heights.” Nolan and David Stewart, COO, will continue to lead the Company, while Frank Young, Managing Partner at Sverica, and Michael Dougherty, Principal at Sverica, will join FOUR’s Board as part of the transaction.

“The IT reselling and distribution channel has long been a key focus area for Sverica, and the solutions that FOUR provides are critical to technology companies building sales programs in the public sector,” said Frank Young, Managing Partner at Sverica. “FOUR is well positioned to capture the large market opportunity at hand within the public sector as the government continues to invest in modernization, security, intelligence, and automation. We are very excited to build upon the great foundation that Jeff and his team have created at FOUR to support their continued growth.”

Michael Dougherty, Principal at Sverica, added, “Technology companies are increasingly relying on channel partners to take their solutions to market, which is magnified in the Federal and SLED markets due to the added complexity of navigating the contracting process in the public sector. FOUR’s ability to provide contract access and expertise, a growing network of public sector VAR partners, as well as creative financing solutions are critical to getting technology deals done for everyone involved.”

Sverica’s investment in FOUR represents its third platform investment in the IT reselling and distribution channel, which includes DeFY Security (active) and Optiv (realized), and its 2^nd investment with a significant focus on the public sector end market along with ShadowDragon (active).

About FOUR

FOUR is a boutique aggregator 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 has earned recognition as a Top 100 government contractor on Washington Technology’s Top 100 Report consecutively for the last eight years. For more information, visit www.fourinc.com.