AGC Partners is pleased to announce that its client, Vuzix Corporation (TSXV:VZX), a leading supplier of video eyewear products in the defense, consumer and media & entertainment markets, has sold the assets of its Tactical Display Group (TDG) to Thayer Bancroft Equity Partners, a private equity firm that seeks to invest in small to mid-size organizations in the defense and security industry. With a team led by Tim Harned, AGC Partners provided a fairness opinion to the Board of Directors of Vuzix and acted as sole financial advisor to Vuzix.
We had a very complicated transaction with many constituencies and significant time constraints. AGC Partners, and Tim Harned in particular, provided exceptional service and commitment throughout the process. On every step we knew that AGC was in our corner and had our best interests at heart. I wouldn’t hesitate to recommend Tim again in the future, and look forward to our next transaction together.Paul J. Travers, President and CEO of Vuzix Corporation.
AGC Partners acted as sole financial advisor to Vuzix in June, 2012