The OÃ¢â‚¬â„¢Gara Group receives a cash infusion
July 8, 2004
CINCINNATI, Ohio - The OÃ¢â‚¬â„¢Gara Group, a company created to pursue acquisitions in the security and defense market, has received financial backing from investment firm The Walnut Group.
Company officials at The OÃ¢â‚¬â„¢Gara Group characterized the financing amount as significant, but declined to release the exact amount. The funds are earmarked for future acquisitions. In September of 2003, the company purchased its first company, Specialized Technical Services, a producer of night vision equipment.
Ã¢â‚¬Å“The investment by The Walnut Group is a significant step for us,Ã¢â‚¬Â said Bill OÃ¢â‚¬â„¢Gara, chief executive officer of The OÃ¢â‚¬â„¢Gara Group in a prepared statement.
The Walnut Group has identified security and defense as an area of focus for investments. Its investment in The OÃ¢â‚¬â„¢Gara Group was made through Walnut Investment Partners, L.P.