Data Device Corporation

You'd be forgiven if you thought that ILC Industries stood for I Love Companies. ILC is a holding company for a group of businesses. Its mainstay subsidiary, Data Device Corp. (DDC), makes and sells microelectronic components used in data conversion and networking products (cards, software, and fiber channel switches) by the defense, space, and aerospace industries. Its oldest subsidiary, ILC Dover, was spun-off in 2011, cutting ILC's ties to engineering and making softgoods for industrial, military, and space applications (blimps, spacesuits, and chemical-biological warfare protection gear). ILC customers have included Boeing, Lockheed Martin, and NASA. Buyout firm Behrman Capital owns a majority stake in ILC.

Simultaneous with Behrman Capital's spin-off of ILC Dover, the private equity wrapped up a recapitalization plan for DDC. The plan, fueled by GE Capital and Credit Suisse, secured a $300 million loan and $30 million line of credit. Coupled with the earnings from spinning off ILC Dover to its shareholders and cash on hand, ILC intends to use the proceeds to pay out a dividend and reduce its debt, repositioning it for growth.

Behrman Capital, along with ILC CEO Clifford Lane, acquired the company in 2003 in a deal valued at more than $300 million. ILC has since reportedly doubled its pre-tax earnings through investment in product research and development, and without any additional acquisitions.



Data Device Corporation


105 Wilbur Pl
Bohemia, NY 11716-2426
Phone: 1 (631) 567-5600
Fax: 1 (631) 5676357
www.ddc-web.com

STATS


  • Employer Type: Unknown
  • Pres: Vincent Buffa
  • Principal Engineer: Joseph Gelish
  • Principal Engineer: Dennis Minkowski

Major Office Locations

  • Bohemia, NY

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SALARY FINDER

SALARY FINDER

Health Service Administrator

  • $0
  • 25
  • 50
  • 75
  • 100
  • 100+
Yearly Salary Range (US$ Thousands)