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Rick Ferraid

ShoreView Industries acquires Hi-Rel Group and merges it with PA&E and Litron to form Hermetic Solutions Group. Rick Ferraid, current Chairman and CEO of Hi-Rel Group, will continue as Chairman of Hermetic Solutions Group. Bromley Beadle, current CEO of PA&E, will continue as President and CEO. The alignment of these three companies will bring unparalleled levels of hermetic product offerings and services to the market.

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ShoreView Industries acquires Hi-Rel Group and merges it with PA&E and Litron to form Hermetic Solutions Group ESSEX, CT December23, 2016 Hi-Rel GroupLLC announcesthatit has beenacquiredbyShoreView Industries andmergedwithPA&EandLitronto form Hermetic Solutions Group LLC. The company will be the marketleaderinhermeticsolutions. RickFerraid,currentChairmanandCEOof the Hi-Rel Group LLC, will continue asChairmanof the newlyformed company,and BromleyBeadle,currentCEO of PA&E,will continue asPresidentandCEO. I am veryexcited forHi-Rel topartnerwithPA&Eand Litron to formthe HermeticSolutionsGroup LLC (HSG),saidRick Ferraid. The alignmentof these three highlyrespected andcustomer-centric businesses willbringunparalleledlevelsof service and productofferings tothe hermeticproducts market. HSG will offerahermeticsolutionforeveryrequirement,includingspace-level interconnect products, hermeticconnectors, hermeticpackagingandcomponents (see componentofferingsbelow), unique boardlevel packaging, laserweldingservices,systems, andotherlasermanufacturingofferings, and our highly differentiated gettersolutions optimize the performance of ourcustomersproducts long aftertheyve beenputinto service. Thislevel of supportiswhatourcustomershave beenaskingfor. HermeticSolutionsGroupLLC isthe rightfitat the righttime to meetevolvingtechnology requirements. Our technologyisliterally embeddedinourcustomersproducts. We see nothingbutupside forour customersandcannot waitto getstarted 1/1/17. Termsof the deal were notdisclosed. About Hi-Rel GroupLLC Foundedin1976, the Hi-Rel Group,LLC is a leadingmanufacturerof highlyspecializedmetal componentsforthe microelectronicpackagingindustry. The Hi-Rel Groupincludesthe following affiliates: Hi-Rel Products, LLCbasedinEssex,Connecticut; Hi-Rel Lids,Ltd.,basedinHarleston,Norfolk, England;and Hi-Rel Alloys, ULCbasedinNiagaraFalls,Ontario,Canada. The companyprovidesa necessaryenablingtechnologyforthe manufacture of hermeticallysealedelectroniccomponents, whichare usedtosupporthighreliability,missioncritical devicesandsystems. Hi-Relsproductsinclude hermeticmicrocircuitpackaginglids,ringframes,brazingalloys,thermalmanagementproducts,getter assemblies,aswell asotherproductsandservicesforthe aerospace,defense,optical networking, medical andenergyindustries. About PA&E
PA&E isan integratedmanufacturerof hermeticelectronicpackagesandinterconnectsolutionsfor leadingdefense,medical,energyandspace companies. The companyspecializesinusingunique materialsandmanufacturingprocessestobringtechnicallydemandingcustomproductdesignsto marketby optimizingforsize,weight,thermal conductivityandelectronicperformance. About Litron Foundedin1997, Litron,Inc. isa worldwide providerof customlasersystemsandaleadingsupplierto the aerospace,defenseandmedical industriesforcontractmanufacturingservicesinlaserwelding, hermeticsealingandhermeticpackage fabrication. About ShoreViewIndustries ShoreViewIndustries,basedinMinneapolis,manages$900 millioninprivate equityfunds. ShoreView investsinestablishedmiddle-marketcompanieswithoperationsinNorthAmericaacrossa wide range of industries. ShoreView structuresavarietyof acquisition,recapitalizationandbuild-uptransaction, typicallyinbusinessesrangingbetween$20 millionand$300 million.

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HSG PR

  • 1. ShoreView Industries acquires Hi-Rel Group and merges it with PA&E and Litron to form Hermetic Solutions Group ESSEX, CT December23, 2016 Hi-Rel GroupLLC announcesthatit has beenacquiredbyShoreView Industries andmergedwithPA&EandLitronto form Hermetic Solutions Group LLC. The company will be the marketleaderinhermeticsolutions. RickFerraid,currentChairmanandCEOof the Hi-Rel Group LLC, will continue asChairmanof the newlyformed company,and BromleyBeadle,currentCEO of PA&E,will continue asPresidentandCEO. I am veryexcited forHi-Rel topartnerwithPA&Eand Litron to formthe HermeticSolutionsGroup LLC (HSG),saidRick Ferraid. The alignmentof these three highlyrespected andcustomer-centric businesses willbringunparalleledlevelsof service and productofferings tothe hermeticproducts market. HSG will offerahermeticsolutionforeveryrequirement,includingspace-level interconnect products, hermeticconnectors, hermeticpackagingandcomponents (see componentofferingsbelow), unique boardlevel packaging, laserweldingservices,systems, andotherlasermanufacturingofferings, and our highly differentiated gettersolutions optimize the performance of ourcustomersproducts long aftertheyve beenputinto service. Thislevel of supportiswhatourcustomershave beenaskingfor. HermeticSolutionsGroupLLC isthe rightfitat the righttime to meetevolvingtechnology requirements. Our technologyisliterally embeddedinourcustomersproducts. We see nothingbutupside forour customersandcannot waitto getstarted 1/1/17. Termsof the deal were notdisclosed. About Hi-Rel GroupLLC Foundedin1976, the Hi-Rel Group,LLC is a leadingmanufacturerof highlyspecializedmetal componentsforthe microelectronicpackagingindustry. The Hi-Rel Groupincludesthe following affiliates: Hi-Rel Products, LLCbasedinEssex,Connecticut; Hi-Rel Lids,Ltd.,basedinHarleston,Norfolk, England;and Hi-Rel Alloys, ULCbasedinNiagaraFalls,Ontario,Canada. The companyprovidesa necessaryenablingtechnologyforthe manufacture of hermeticallysealedelectroniccomponents, whichare usedtosupporthighreliability,missioncritical devicesandsystems. Hi-Relsproductsinclude hermeticmicrocircuitpackaginglids,ringframes,brazingalloys,thermalmanagementproducts,getter assemblies,aswell asotherproductsandservicesforthe aerospace,defense,optical networking, medical andenergyindustries. About PA&E
  • 2. PA&E isan integratedmanufacturerof hermeticelectronicpackagesandinterconnectsolutionsfor leadingdefense,medical,energyandspace companies. The companyspecializesinusingunique materialsandmanufacturingprocessestobringtechnicallydemandingcustomproductdesignsto marketby optimizingforsize,weight,thermal conductivityandelectronicperformance. About Litron Foundedin1997, Litron,Inc. isa worldwide providerof customlasersystemsandaleadingsupplierto the aerospace,defenseandmedical industriesforcontractmanufacturingservicesinlaserwelding, hermeticsealingandhermeticpackage fabrication. About ShoreViewIndustries ShoreViewIndustries,basedinMinneapolis,manages$900 millioninprivate equityfunds. ShoreView investsinestablishedmiddle-marketcompanieswithoperationsinNorthAmericaacrossa wide range of industries. ShoreView structuresavarietyof acquisition,recapitalizationandbuild-uptransaction, typicallyinbusinessesrangingbetween$20 millionand$300 million.