EF Johnson Technologies today announced the completion of its acquisition by an affiliate of private equity fund Francisco Partners, meaning the longtime LMR vendor is now a private company.

Under the terms of the agreement approved by stockholders on Wednesday, all outstanding shares of EF Johnson Technologies were purchased based on a price of $1.50 per share by FP-EF Holding Company, an affiliate of Francisco Partners. EF Johnson announced plans to pursue the deal in May and the deal closed yesterday, according to EF Johnson spokeswoman Timi Jackson.

“We’re a private company now, so we don’t have to deal with the SEC and all of the filings that are required [of publicly traded companies] — that’s the biggest difference,” Jackson said in an interview. “We’re looking at having the same name and the same product lines.”

Norman Stout, a 20-year veteran of the technology industry, will replace Michael Jalbert as CEO of EF Johnson Technologies.

“I’m looking forward to leading the EF Johnson team as it pursues its strategic goals and continues to focus on providing the highest quality secure communications solutions for its customers,” Stout said in a prepared statement.