The O’Gara Group receives a cash infusion

SSN Staff  - 
Thursday, July 8, 2004

July 8, 2004

CINCINNATI, Ohio - The O’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 O’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.
“The investment by The Walnut Group is a significant step for us,” said Bill O’Gara, chief executive officer of The O’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 O’Gara Group was made through Walnut Investment Partners, L.P.