Artemis Capital Partners, the Boston-based private equity firm focused on buying and building industrial technology companies, has acquired Maury Microwave Inc., a provider of RF calibration, measurement, and modeling solutions.
Maury is as a technology service provider to manufacturers in the wireless technology chain.
Michael Howo, Maury’s chief executive officer, commented, “At Maury, besides our employees, the two things that we take most seriously are continuous innovation and having a service mindset. This is embodied by our founders and employed every day in our commitment to our customers, whose immediate application demands, challenges, and long-term successes we view as our own. We chose to partner with Artemis because they also embrace our service mindset paradigm and bring both an aligned vision and the strategic resources necessary for Maury’s next chapter of growth. Our partnership with Artemis will help us execute our strategic goals, accelerate our technology roadmap and, most importantly, invest in the growth and development of our employees and team.”
Artemis Principal and newly named Maury Board Member, Euan Milne, said, “Since the advent of wireless technology itself, Maury Microwave has managed to remain at the forefront of this rapidly evolving tech segment by drawing upon its passion for partnership, leveraging its pioneering heritage, listening to world-class customers and end users, and continuously asking a simple question: what’s next? As Maury’s partner in growth, Artemis will work hard to help the Maury team answer that same question in ever-challenging, ever-improving, ways. We will measure our success in doing so through the long-term performance, innovation, and sustainable growth of Maury, its team, and its customers.”
Milne will be joined on the Maury board of directors by Mr. Howo along with Artemis Managing Partner, James Ward, and Artemis Associate, Taylor Murphy, with further industry executives expected to be named as independent board members in the coming months.