AEA Investors acquired API Technologies, a designer and manufacturer of high-performance components for microwave and electromagnetic application, from J.F. Lehman & Company, a middle-market private equity firm focused on investing in the defense, aerospace, maritime, government and environmental industries. Terms of the transaction were not disclosed. Glenn Shor, a member of API's Board of Directors and Partner at J.F. Lehman, said, "We are proud of the accomplishments of the API management team and the success the business achieved during our ownership period. We believe the company is well positioned to continue its trajectory and produce leading products in its core markets."