Court Square Capital Completes Acquisition of Wyle

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Mon Jun 29, 2009 1:17pm EDT

EL SEGUNDO, Calif., June 29 /PRNewswire/ -- The acquisition of Wyle, one of
the nation's preeminent engineering services companies, by Court Square
Capital, a leading private equity firm, closed on Friday. Terms of the
transaction are not available.

"We are excited about Wyle's future prospects with a strong new financial
partner which will facilitate strategic investments to achieve the company's
growth aspirations," said George Melton, Wyle's CEO and president.

The seller, the private equity firm Littlejohn & Co., acquired Wyle in 2003
and made additional investments in 2005 and 2008 to significantly broaden the
company's service offering and customer base.

Wyle generates approximately $800 million in annual sales and has more than
3,800 employees at 40 primary locations around the country. All aspects of
Wyle's operations, organization structure, and management team remain
unchanged.

About Court Square Capital
Court Square Capital is a leading private equity firm. Since 1990, the firm
has been involved in approximately 150 transactions across a wide array of
sectors including, aerospace & defense, industrials, business services,
technology, healthcare and media. Court Square Capital currently manages
approximately $6 billion of aggregate capital commitments. The firm acquired
Wyle through its Fund II, which is a $3.1 billion private equity fund that was
raised in 2007.

About Littlejohn & Co.
Littlejohn & Co. is a Greenwich, Connecticut-based control-oriented private
equity firm seeking investment opportunities in middle-market companies that
are undergoing a fundamental change in capital structure, strategy, operations
or growth and that can benefit from its operational and strategic approach. 
The firm's professionals manage three funds with committed capital of
approximately $1.6 billion.

About Wyle
Wyle is a leading provider of high tech aerospace engineering and information
technology services to the federal government on long-term outsourcing
contracts. The company also provides biomedical and engineering services for
NASA's human space missions; test and evaluation of aircraft, weapon systems,
networks, and other government assets; and other engineering services to the
aerospace, defense, and nuclear power industries.

    Contact:
    Dan Reeder
    (310) 563-6834
    Ref.:  NR/09-21




SOURCE  Wyle

Dan Reeder of Wyle, +1-310-563-6834
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