Cattron Group International, Inc.
On November 23, 2010, Argosy Investment Partners II, L.P. exited its investment in Cattron Group International, Inc. (www.cattron.com). Headquartered in Sharpsville, Pennsylvania, Cattron is a market leader in the design and supply of high-reliability wireless remote control systems serving the railroad, mining, and industrial markets globally. In addition to providing custom wireless Remote Control (RC) systems that enable external operation of heavy equipment and vehicles as well as ongoing service for these RC systems, Cattron provides fully hosted networked applications software enabling customers to monitor their remote controlled assets in real-time. The Company was sold to Laird Technologies, Inc., a designer and manufacturer of customized, performance-critical products for wireless and other advanced electronics applications for $90 million in cash.