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New Deal


Announced

Completed

Communications & Power Industries completed the acquisition of the ESSCO business of L3Harris Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

Friendly

Private

Majority

United States

ground radomes

Defense

Single Bidder

Completed

Private Equity

Synopsis

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Communications & Power Industries, a global manufacturer of electronic components and subsystems, completed the acquisition of the ESSCO business, a manufacturer of metal space frame ground radomes that support a variety of applications, including air defense, weather radar, air traffic control, and satellite telemetry and tracking, from L3Harris Technologies, an American technology company. Financial terms were not disclosed. "In 2021, we have diversified and deepened the portfolio of RF components and systems that CPI provides to government, military and commercial customers through the acquisitions of the TMD Technologies business in July and the ESSCO business in November. These acquisitions complement CPI's existing businesses and capabilities, and provide CPI with significant opportunities for future growth as we continue to enhance the range of products and services we provide customers," Andy Ivers, CPI President and CEO.

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