Rostra Technologies
Rostra Technologies, Inc.
Fund: I
Investment Date: November 1993
Exit Date: September 2003
Headquarters: Laurinburg, North Carolina
Rostra Technologies, Inc. (“Rostra”), headquartered in Laurinburg, North Carolina, is a manufacturer of electronic, electromechanical and mechanical control devices and tools. Rostra’s primary focus is on electronic parts for the automotive aftermarket, although it also serves the automotive and truck OEM markets and various niche markets.
Merit provided subordinated debt with warrants to finance the recapitalization.