Quantic Corporate Holdings Inc., a portfolio company of Arcline Investment Management, has acquired BEI Precision Systems & Space Company Inc. from investment affiliates from J.F. Lehman & Co., a middle-market private equity firm focused exclusively on the defense, aerospace, maritime, government and environmental industries. Terms of the transaction were not disclosed.
BEI Precision designs, engineers, and manufactures position feedback sensors and frequency reference technologies for space, land, air, and sea use.
“Our successful partnership with management has enabled BEI Precision to transform from a small, stable business unit of a larger corporate parent into a standalone, high-growth enterprise with state-of-the art products occupying sole-source positions on high priority space and defense electronic programs,” said Steve Brooks, chairman of BEI Precision’s board of directors and partner at JFLCO.
Mark Mirelez, president and chief executive officer of BEI Precision, commented, “Today’s milestone is a validation of the market leading position, operational excellence, and culture that we have worked tirelessly to achieve. We are immensely grateful for JFLCO’s support and look forward to continuing to deliver on future growth opportunities with our new partners at Quantic Electronics.”
“We are extremely proud of the accomplishments Mark and his team achieved during our ownership,” added Will Hanenberg, a member of BEI Precision’s board of directors and managing director at JFLCO. “As a result of their efforts, BEI Precision is uniquely-suited to address the dynamic requirements of its demanding space and military customers, and we believe Quantic Electronics is the ideal partner to help guide the Company through the next phase of its growth.”
KippsDeSanto & Co. served as exclusive financial advisor to JFLCO and Jones Day served as lead legal counsel. BakerHostetler provided legal support related to international trade, government contracts, and defense security compliance matters.