JML Optical Acquired by Investment Group
To position itself for
continued long-term growth, custom precision optics and optical assemblies manufacturer
JML Optical Industries Inc. of Rochester, N.Y., has been recapitalized by BB&T
Capital Partners, Bob Bicksler and existing management. Joe Lobozzo, company founder,
will remain a material shareholder and an adviser to the company. Bicksler will
assume the role of CEO. Members of the management team will remain at the company
in their current positions. BB&T Capital Partners of Winston-Salem, N.C., manages
approximately $750 million in committed capital and is focused on supporting growing
companies in the middle market.
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Published: September 2011
AmericasBB&T Capital PartnersBob BickslerBusinessGerry LynchGregg SadwickJML Optical IndustriesJoe Lobozzolight speedMike McCusterNew YorkNorth Carolinaoptical assembliesOpticsprecision opticsValerie Maher