9/4/2014 Salvo Technologies and Cross Industrial Join Forces

March 26, 2015

Largo, FL—Salvo Technologies LLC and Cross Industrial Florida LLC have formed a strategic alliance to create a vertically integrated technology design and manufacturing house capable of developing and delivering a broad range of innovative solutions to the global marketplace. Salvo Technologies is a leading high ­tech private equity firm consisting of three divisions specializing in products ranging from electro­optical systems to personal protective equipment. Cross Industrial is a value-­added reseller of electronics and electro­optics to the security, defense, and aviation markets. Combined, the two give the customers of both organizations access to best­in­class products and customized solutions through an informed, energetic sales force.

“The signing of this agreement marks the culmination of years of discussions over how to build an organization that could deliver the security and defense markets the level of service, responsiveness, and innovation that has always been missing,” said Patrick Bass, operations manager at Salvo Technologies.

Under the terms of the agreement, Cross Industrial will distribute most products from the Salvo Technologies LLC group of companies. The engineering capabilities of Salvo will enable Cross to function as a value­added reseller, while the sales teams of the various Salvo divisions will also make products from the Cross Industrial catalog available to their customer base.

The strategic alliance allows each company to benefit from the strengths of the other to create a whole much greater than the sum of the parts. “You can have the best product in the world, but if you don’t have the sales force that can put it in the hands of customers, you’ll never succeed, and vice versa,” said Don Carroll, president of Cross Industrial. “By aligning ourselves with Salvo Technologies, we can be actively engaged in the process from quote to finish. We can offer our customers the best­in­class technology and be absolutely assured that that’s what we are delivering, day in and day out.”

“Teaming with Cross Industrial is a win­/win situation,” said Bass. “Salvo Technologies dramatically expands its ability to reach customers with our portfolio of products, while we enable Cross to give customers exactly what they want. Together, we raise the bar for innovation.”

About Cross Industrial LLC

Cross Industrial Florida LLC produces and distributes electronic, optoelectronic, and optical components with a particular focus on high ­reliability medical­, aerospace­ and military ­qualified products. Cross delivers prototype, catalog, and obsolete devices, augmented by a full suite of manufacturing capabilities, including custom cable assemblies; PCB design & production; comprehensive testing; and tape, reel, dry­ bake and packaging services. These value­-added offerings allow customers to get better products to market faster while focusing their in-­house engineering efforts on their core value proposition.

 

About Salvo Technologies LLC

Salvo Technologies LLC invests in and develops manufacturing companies serving the defense, security, medical, industrial, and commercial markets. From its inception in 2007, it has grown into an organization with global reach and manufacturing capabilities on multiple continents. Its three divisions provide a range of products and services including design and prototyping of electro­optical and imaging solutions, with an emphasis on multispectral and polarimetric systems; optical and electro­optical systems assembly; high­ reliability optical component fabrication; and thin ­and thick­ film coatings. In addition, it has struck up a strategic alliance with Cross Industrial, a value­-added distributor of electronic, optoelectronic, and optical components with a particular focus on high-reliability markets. Salvo Technologies is a privately held company headquartered in Largo, FL. For more information please visit www.Salvo-­Technologies.com.

Media contact

Don Carroll

Business Development

Don@Salvo-Technologies.com

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