Post by
barneyj44 on Dec 09, 2023 6:56pm
Nice to see Rusty loading up
Rusty is a veteran in Mergers and Acquisitions. The long suffering share holders may finally be rewarded.
Some past history:
Rusty acquired a division of Control Data, Syntonic Technology, in 1986 in a leverage buyout and over the next 14 years grew the business into the largest integrator of electronic tolls systems in the world. Syntonic also had a significant presence in the two way radio communications business with several 800 Mhz trunked radio licensees. He served as President of NABER, a national trade association engaged in supporting the private land mobile radio business for several years until selling the two way radio business to a company that was later part of the Nextel rollup of land mobile radio businesses. That enable Syntonic to focus on extending its position as a leading provider of toll collection systems and services. He sold the business in 1994 to SAIC and continued as the CEO and President of a newly name wholly owned subsidiary of SAIC, Transcore where he acquired the major competitor in the toll collection business, making Transcore the #1 provided in this industry. He assisted SAIC in the spinning out the business to a private equity firm in 1999 and remained as a director until it was sold to Roper Industries in 2005, where it remains today as the industry leader in worldwide toll systems.