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Sold a leading innovator of proprietary vision systems to a public strategic buyer seeking to expand its presence in the commercial vehicle and motorhome markets.


Cleary Gull Inc. advises Velvac Holdings, Inc. a portfolio company of Prospect Partners, in its Sale to The Eastern Company

Milwaukee, Wisconsin, April 4, 2017 – Cleary Gull Inc. is pleased to announce that Velvac Holdings, Inc., a portfolio company of Prospect Partners, has been acquired by The Eastern Company. Cleary Gull acted as exclusive financial advisor to Velvac in this transaction.

Velvac, ( founded in 1934 serves diverse markets within the heavy and medium duty truck, motorhome and bus markets. Velvac is a leading innovator of proprietary vision systems for commercial vehicles and motorhomes. Velvac introduced its first camera-enabled vision system in 2006 and now sells approximately 45,000 camera-enabled units annually. Velvac recently introduced its Road-iQ™ 360-degree view camera, recording and communication system and announced TrailerLink™, a new patent-pending solution that supports trailer-to-tractor video and data communications.


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