DEI Holdings, the parent of Directed Electronics said it agreed to be acquired for about $285 million through funds affiliated with Charlesbank Capital Partners LLC of Boston.
If the deal is completed, CEO Jim Minarik and the current management team will continue to lead the business and the company will keep its Vista, CA headquarters and offices in Maryland and Canada, reported the San Diego Business Journal. DEI was formerly majority owned by Rep. Darrell Issa.
The transaction is expected to close in late June.
Source: San Diego Business Journal