PaceSetter Capital Group in conjunction with Hastings Equity Partners has acquired R.L. Drake Company. Transaction terms were not disclosed. RSM EquiCo Capital Markets acted as the exclusive M&A advisor to R.L. Drake.

Founded in 1943, R.L. Drake designs and manufactures products and solutions for cable television reception systems, assistive listening devices, video signal distribution, short-wave radio and digital television reception. Over the past 20 years, R.L. Drake has built an outstanding reputation as a high-quality provider of analog and digital cable television equipment and other products. In this capacity, the company manufactures cable television products for receiving, processing and distributing analog and digital signals. R.L. Drake manufactures approximately 70 products and provides services under six business lines: Analog CATV Products; Digital CATV Products; Short-wave and Other Radio Products; Customer Service and Contract Engineering; Original Equipment Manufacturing; and Private Label and Assistive Listening Products. .

Pacesetter Capital Group is a Dallas-based private equity firm that manages a family of funds dedicated to achieving above-market returns by providing long-term expansion and/or acquisition capital to well-managed, growing businesses that are led primarily by ethnically diverse entrepreneurs or companies that service diverse markets. Pacesetter Capital Group currently manages assets of over $210 million and is comprised of one diversified private equity fund (Pacesetter Growth Fund) and three Small Business Investment Companies. One of the SBIC Funds, MESBIC Ventures, Inc., was established in 1970 and is the oldest specialized SBIC in the nation.

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises. Founded in 2002, the firm's three partners bring over 60 years of experience in operating, growing and acquiring small companies or divisions and have managed organizations through the various stages of growth

For more information regarding this transaction, please contact:

David Burke
Vice President
714.327.8616
dburke@rsmequico.com