The private equity firm J.F. Lehman & Company on Thursday said it has acquired Mission Microwave Technologies, a provider of solid-state electronics used in space-based, ground-based, maritime, and airborne applications used in government, defense, and commercial markets.
Terms of the deal were not disclosed.
Mission, which is based in California, provides solid-state power amplifiers and block upconverters.
“JFLCO offers a unique combination of deep industry knowledge and relationships, commercial and operational expertise, and substantial capital we will leverage to accelerate our growth, product portfolio expansion and further advance our technological leadership,” Franci Auricchio, co-founder, president and CEO of Mission, said in a statement.
J.F. Lehman said that since Mission was founded in 2014, the company has gained a reputation for meeting high-power and high-frequency requirements, or both, in size, weight, and power efficient packages.
“Since its founding, Mission has rapidly established a market leading position with a product portfolio critical to the performance of satellite communications across a range of applications, from commercial broadband network gateways to mobile tactical terminals deployed on the battlefield,” Steve Brooks, a partner with J.F. Lehman, said in a statement.
Mission’s financial advisor on the deal was KippsDeSanto & Co.