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UIC going down?

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#58243

UIC going down? | 3 March, 2009

Circuitnet has learned that Universal Instruments is once again under new management.

It appears that Francisco Partners has sold the company to Patriarch Partners LLC, a private equity investment firm managed by Lynn Tilton who is the Founder and Chief Executive Officer. Some employees and former senior managers, who were laid-off indicate that Ms. Tilton is currently managing the day-to-day activities within the company and plans to sell off assets.

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#58244

UIC going down? | 3 March, 2009

Can't be good ..........

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#58284

UIC going down? | 6 March, 2009

We are not happy at all about this one. I guess Due Diligence was not a concern when my boss was wined and dined.

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