Everest Electronic Equipment

Everest Electronic Equipment, which makes electronic enclosures for the computer and telecommunications industries, has been acquired by Milwaukee-based Applied Power Inc. in a deal valued at about $52 million. Everest, which has sales of about $45 million a year, will become part of Applied Power's Wright line business unit. The Everest acquisition is one of six by Allied over the last 16 months.

Everest Electronic Equipment, which makes electronic enclosures for the computer and telecommunications industries, has been acquired by Milwaukee-based Applied Power Inc. in a deal valued at about $52 million. Everest, which has sales of about $45 million a year, will become part of Applied Power's Wright line business unit. The Everest acquisition is one of six by Allied over the last 16 months.

Electronic equipment cabinetry maker Everest Electronic Equipment has signed an agreement to be acquired by Applied Power Inc. The Milwaukee-based company said it will pay $52 million cash for Everest, which will remain in Orange County under its present management, headed by President Terry Wells. The acquisition is expected to close by early October.

Electronic equipment cabinetry maker Everest Electronic Equipment has signed an agreement to be acquired by Applied Power Inc. The Milwaukee-based company said it will pay $52 million cash for Everest, which will remain in Orange County under its present management, headed by President Terry Wells. The acquisition is expected to close by early October.