ACR Electronics, which makes the ACR and Artex lines of ELTS, PLBs and related safety and rescue equipment, has been sold to J.F. Lehman and Company, a private equity firm that invests in defense, aerospace and maritime sectors. ACR is based in Fort Lauderdale and employs 180 people. It has been in operation since 1956 and helped pioneer ELTs and the related items the technology spawned.
ACR has most recently operated as a unit of Cobham Commercial Systems and the recent emphasis has been on consolidating more business into the Fort Lauderdale facility. "This marks a new chapter in the long and proud history of ACR Electronics," said Michael Wilkerson, who will continue on as general manager.