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Wyle Laboratories
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Wyle Laboratories, headquartered in El Segundo, CA and founded in 1949, is one of the leading independent engineering and testing organizations in the United States. The company tests and validates the performance of a number of parts and subsystems in a multitude of products, such as satellites, telephones, and rocket propulsion systems. These services are provided to a wide variety of customers in the aerospace, defense, transportation, energy and telecommunication industries.
In November 1999, Caltius provided $5.5 million structured as senior mortgage notes with warrants and common stock to help finance the management buyout of the company. In November 2002, Caltius' debt was repaid in full with proceeds from the sale of owned real estate. In December 2003, Littlejohn & Co. acquire Wyle and Caltius' equity interests were redeemed.
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