Narda-MITEQ on Thursday said it has acquired Intelligent RF Solutions (iRF), the company’s first acquisition since becoming a portfolio business of the private equity firm J.F. Lehman & Company
(JFLCO) in early December.
JFLCO acquired Narda-MITEQ from L3Harris Technologies [LHX], which has been divesting non-core businesses.
Terms of Narda-MITEQ’s deal for iRF were not disclosed. Based in Maryland, iRF has about 50 employees and specializes in wideband, high-frequency products for signals intelligence (SIGINT), electronic intelligence (ELINT) and electronic warfare (EW). The company’s systems include radio frequency and microwave for military and intelligence community applications.
“The iRF acquisition substantially expands Narda-MITEQ’s product portfolio with increased focus on system and subsystem capabilities for SIGINT, ELINT, EW applications, which is a key growth area for the business,” Glenn Shor, chairman of Narda-MITEQ and a partner at JFLCO, said in a statement.
The iRF management team will remain with the company.
“Our partnership with iRF will further strengthen and broaden both organizations’ market presence and penetration, customer relationships and technology and product development capabilities,” Bob Tavares, CEO of Narda-MITEQ, said in a statement.
Narda-MITEQ, which is based in New York, had about 400 employees before the acquisition. The company designs and manufactures catalog and custom microwave and RF components for military and commercial markets.
Philpott Ball & Werner served as iRF’s financial adviser on the deal. Baker Hostetler provided government contracts, defense security and international trade advice to Narda-MITEQ and JFLCO.