Chase Manhattan Capital Corp, the private equity investing arm of Chase Manhattan Corp., has acquired a majority stake in U.S. Electronics Component Corp., for $18 million.

Chase said the acquisition was carried out through a newly formed small business investment company, USECC Acquisition Co.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.