Alerion and Merit Invest in VXI Technology
Alerion Capital Group, a technology focused private equity group, and Merit Capital, a mezzanine and equity provider, have partnered with management to invest in VXI Technology Inc. (VTI). Irvine, California-based VTI provides test instruments for a wide variety of industrial, military and commercial applications. With customer applications ranging from testing electronic devices to super-structures to launch vehicles, the company has established a worldwide reputation for providing high-density, modular products for functional test and data acquisition.
Paul Dhillon, president and CEO of VTI, heads up the highly experienced senior management team that initiated the partnership. "We have a solid array of products forged over a long history in the industry and are excited to leverage the expertise the Alerion and Merit team bring to VTI. The partnership focuses additional resources on expanding the company's recently launched, innovative microwave and LXI product lines."
The microwave product line features an integrated design wizard, simplifying the complex process of designing microwave test systems. The LXI product line reflects VTI's key role in creating the newly emerging Ethernet LAN standard (LXI) for distributed and remote testing in the instrumentation industry.
"VTI's strength of precision test instrument design and ability to meet a broad spectrum of customer requirements fits well with our technology focus and expertise. We are proud to partner with an innovative and experienced team, in building on the company's demonstrated success. We look forward to growing the business and in continuing to support the needs of their loyal customers," said James Unruh, Alerion's Founding Principal.