On August 1, 2013, Renaissance entered into, and closed on, a Stock Purchase Agreement with LEC Acquisition LLC, a Delaware limited liability company, and K Acquisition LLC, a Delaware limited liability company. LEC Acquisition LLC owns 99% of Renaissance, and in turn is majority owned and controlled by Southvest Funds VI LP, a Delaware limited partnership. Southvest Funds VI is in turn controlled by Gen Cap America, a private investment firm headquartered in Nashville, TN.
The company’s new name is now Renaissance Electronics & Communications LLC. All operations, including manufacturing, will remain unchanged in its Harvard, MA facility, and it is anticipated that the change in ownership will be seamless for customers. Our subsidiary, HXI, LLC, will also remain unchanged as part of the Harvard, MA facility. Our EIN/Tax ID# and CAGE Code will remain the same as well.
The company is pleased to announce that Mr. Thampy (Tom) Kurian will be remaining with the company in the capacity of chairman and Dr. Anuj Srivastava will be the new chief executive officer. Srivastava has been with the organization for many years in the capacity of vice president of engineering. As an organization, we are embracing this change as an opportunity to grow the business in terms of offerings to our customers, while maintaining the outstanding service and expertise ustomers have become accustomed to.