British stone. Louis and Montreal--(BUSINESS WIRE)--Electrical Components International, Inc. ("ECI"), a leading global supplier of wiring harnesses, electrical components and subassemblies for diversified industrial markets, today announced the acquisition of Promark Electronics Inc. ("Promark Electronics").

Promark Electronics, founded by Syd Knecht in 1987, is a manufacturer of wiring harnesses, cables and electromechanical components used in commercial electric vehicles and other technically complex mission-critical products. As the demand for commercial electric vehicles continues to grow, Promark Electronics has developed high-voltage cables and components as part of its ProEV™ platform, which makes it a trusted partner for leading commercial electric vehicle manufacturers. The company will continue and expand its manufacturing operations in Montreal, Quebec, Canada.

Mike Balsei, CEO of ECI, said: "We are very happy to work with Promark Electronics and establish ECI as the preferred high-voltage wiring harness supplier for high-value, high-growth markets. "With ECI's global scale and Promark Electronics' proprietary solutions, We will be able to help manufacturers meet the growing demand for commercial electric vehicles and adjacent electric vehicle verticals. "

The Knecht family will continue to lead the Promark Electronics team. In a joint statement, Jarred, Brandon and Robert Knecht commented: "We are extremely proud of the business and reputation our family has built over the past three years. We are very pleased to find industry-leading partners to help us further accelerate Growth, especially in the field of electric vehicles. We are happy to join the ECI family to deepen our customer relationships and continue our long-term record of innovation and excellence."

ECI is a portfolio company of Cerberus Capital Management, LP ("Cerberus"). Cerberus is a global leader in alternative investments. Earlier this year, ECI acquired Omni Connection International, a manufacturer of wiring harnesses and connection systems for leading Tier 1 automotive suppliers.

Cerberus Senior Managing Director Michael Sanford added: "Promark Electronics has added a highly complementary platform to serve the fast-growing market. We remain excited about the strategic opportunities of ECI and look forward to supporting the continued growth of this business."

Barclays served as financial advisors to ECI and Cerberus, and Blake, Cassels & Graydon LLP and Debevoise & Plimpton LLP served as legal advisors. Lincoln International LLC, Crowe BGK and EY served as financial advisors to Promark Electronics, and Osler, Hoskin & Harcourt LLP served as legal advisors.

Electrical Components International, Inc. (ECI) was established in 1953 and is one of the world's leading suppliers of wiring harnesses, electrical components and components for diversified industrial markets. ECI’s “blue chip” customer base has nearly 22,000 employees in 31 facilities across eight countries and four continents, including many Fortune 500 companies in the fields of home appliances, HVAC, construction, agriculture, transportation, and critical infrastructure company. For more information about ECI, please visit www.ecintl.com.

Promark Electronics was founded by Syd Knecht in 1987 and is headquartered in Montreal, Quebec, Canada. It is a most advanced electronic product manufacturer that provides services for OEMs in industries with complex production processes and applications, including electric vehicles, industrial technology, and medical , Mining, aerospace, aerospace and defense industries. For more information, please visit www.PMK.com.

Founded in 1992, Cerberus is a global leader in alternative investments, with more than $55 billion in assets in complementary credit, private equity, and real estate strategies. We invest in the entire capital structure, and our comprehensive investment platform and proprietary operating capabilities create advantages for improving performance and driving long-term value. Our lifelong team has cross-asset class, industry and geographic cooperation experience, seeking strong risk-adjusted returns for our investors. For more information about our people and platforms, please visit our www.cerberus.com.

ECI Julie Mottershead julie.mottershead@ecintl.com (314) 261-7774

Cerberus Akash Lodh Sard Verbinnen & Co. Cerberus-SVC@sardverb.com (202) 758-4263

ECI Julie Mottershead julie.mottershead@ecintl.com (314) 261-7774

Cerberus Akash Lodh Sard Verbinnen & Co. Cerberus-SVC@sardverb.com (202) 758-4263