Our Investments

We search for companies that will benefit most from our experience and knowledge. We are typically interested in later-stage, middle market companies whose owners wish to fully or partially liquefy their positions, but we also provide growth capital and pursue divestments of non-core subsidiaries. Included are companies that will significantly benefit from strategic refocusing or operating improvements. Following are representative investment transactions.

Apex Microtechnology, a privately held, Tucson-based manufacturer of power integrated circuits, was acquired by Alerion and subsequently sold to Cirrus Logic. Apex designs and manufactures high performance monolithic and hybrid analog power integrated circuits that provide off-the-shelf solutions across a wide range of commercial, industrial and military applications. Typical end products include aircraft, automatic test equipment, guidance systems, surface analyzers, missile systems, scanning tunneling microscopes and robotics. Apex has established a stellar reputation for consistently developing products that lead the industry in terms of quality, reliability and performance.

www.cirruslogic.com

BioVigilant Systems, Inc. develops, builds, and maintains a family of environmental monitoring capabilities addressing a wide range of uses in government, commercial, and consumer markets.

www.biovigilant.com

LumenIQ, of Bellingham, Washington received growth capital from Alerion Capital Group. LumenIQ's patented display technology enables humans to see a fuller spectrum of image intensity signals than they can discern using unaided vision. LumenIQ's imaging applications can be applied to a variety of markets including forensics, defense, medical and industrial imaging.

www.lumeniq.com

LumenIQ subsequently established a subsidiary specifically focused on their medical imaging technology: Clario Medical Imaging.

www.clariomedical.com

Steton Mobile data collection & reporting software

Steton Software is changing the way industry professionals manage quality, safety, regulatory compliance, and risk. Instead of performing traditional paper or simple spreadsheet based audits or inspections, data collection can now be performed utilizing Steton's industry leading software for mobile computer devices. Faster, more accurate data collection is an immediate benefit, but the real advantages are early trend identification, automatically generated real-time reports, instant notification of non-compliant issues, and comprehensive corrective action management. Steton offers the business intelligence executives require for total compliance management and measurable risk reduction. Steton's software is relied upon to collect and analyze over 9 MILLION audit/inspection answer responses each month in over 12 different industries. Steton's software is utilized in 12 languages by clients that include 54,000 professionals spanning 85 countries. A snapshot of Steton's clients include the top quick service and casual dining restaurants in the world, leading food and general retailers, leading food processors, the global leader in contract food service, the world's largest and most respected hotel chains, leading third-party auditors and laboratories, government agencies, airlines, correctional facilities, and the list goes on. These prominent organizations have turned to Steton to help protect their most valuable assets—people, products, and brands. Steton's rapidly expanding list of clients across multiple industries has made Steton's software the technology standard for professionals managing risk and regulatory compliance.

www.steton.com

Tiros Corporation, a privately held, Tempe-based manufacturer of automated, vertical in-line thermal curing solutions, was recapitalized by Alerion and sold to Thermal Product Solutions (Blue-M), a division of SPX Corporation. Founded in 1995, Tiros Corporation is a world leader in developing and delivering thermal curing solutions to electronic product manufacturers. Tiros's vertical ovens integrate highly precise temperature controls and processes with fully automated loading and unloading to achieve extremely reliable thermal curing. Typical applications include the curing of integrated circuits, automotive sensors and printer heads. Innovative designs, process flexibility, and excellent customer service ensure continued superior product technology, cost effectiveness and customer satisfaction.

www.blue-m.com

Worldlink Integration Group, Inc. is a leading provider of national technology deployment services primarily for regional and national retail customers. These technology deployment services encompass from the highly repetitive to the complex project managed activities their customers demand across the lifecycle of the customer's geographically distributed technology infrastructure. With blanket national technician coverage, local staging and depot facilities and a leading project management practice, Worldlink performs thousands of deployments each year across the country. The Worldlink model delivers for customers an unrivaled combination of quality, flexibility, economy and timely execution.

www.worldlinkintegration.com

VXI Technology, Inc. (VTI) is the market leader in functional test and data acquisition systems. The company designs and manufactures over 200 subsystems and components forming the core technology for a broad spectrum of standard and custom integrated test systems. The company's highly regarded test instruments are designed to meet the needs of the most demanding customers and applications spanning the global markets for aerospace, automotive, avionics, defense, industrial automation, medical, space, and communications equipment. VTI products are sold and supported worldwide thru VTI and the VTI Certified Partner Network. VTI is a sponsor member of the VXI Consortium and a strategic founding member of the LXI Consortium.

www.vxitech.com