AGC Partners Performs Fairness Opinion for Merrimac on its agreement to be acquired by Crane Aerospace & Electronics

America’s Growth Capital is pleased to announce that its client, Merrimac Industries, Inc., a leader in the design and manufacture of RF Microwave components, assemblies and micro-multifunction modules, has signed a definitive agreement to be sold to Crane Co., a diversified manufacturer of highly engineered industrial products. Crane will pay $16.00 cash per share of common stock of Merrimac and associated common stock purchase rights. This transaction is valued at approximately $52 million and the agreement has been approved by the boards of directors of both companies. The transaction is subject to customary closing conditions and is expected to close in the first quarter of 2010. With a team lead by Rob Buxton, America’s Growth Capital provided a fairness opinion to the Board of Directors of Merrimac Industries.