Quantic Electronics, a portfolio company of Arcline Investment Management, has acquired Planar Monolithics Industries Inc., a supplier of custom, high-reliability MIC/MMIC components and subsystems for applications in space, military, communications, commercial, and consumer electronics systems.
Sebastian Palacio, general manager of PMI said, “The company was founded to take advantage of the burgeoning demand for monolithic-based products using Hybrid MIC/MMIC technology innovations. For the last 30 years, we have been dedicated to developing new technology and products that solve our customers’ difficult design challenges. I would like to thank all the employees that have contributed to our years of success, and I look forward to working as part of the Quantic family to write our next chapter.”
Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to PMI. Hirschler Fleischer served as PMI’s legal representative for the transaction.