M&A Deal Summary

Quantic Now Acquires BEI Precision

On August 17, 2021, Quantic Now acquired aerospace company BEI Precision from J.F. Lehman & Company and BNPP Capital Partners

Acquisition Highlights
  • This is Quantic Now’s 1st transaction in the Aerospace sector.
  • This is Quantic Now’s 7th transaction in the United States.
  • This is Quantic Now’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2021-08-17
Target BEI Precision
Sector Aerospace
Buyer(s) Quantic Now
Sellers(s) J.F. Lehman & Company
BNPP Capital Partners
Deal Type Add-on Acquisition

Target

BEI Precision

Maumelle, Arkansas, United States
website
BEI Precision engages in positioning sensor technologies, providing advanced design, manufacturing, and testing for reliable and resilient products and systems. BEI Precision's core product lines, which are used primarily in mission-critical defense and space applications, include optical encoder-based positioning systems, scanners for situational awareness requirements, and precision accelerometers. BEI Precision is based in Maumelle, Arkansas.

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Buyer(S) 1

Buyer

Quantic Now

East Providence, Rhode Island, United States

website

Category Company
Founded 2021
Sector Semiconductors
DESCRIPTION

Quantic Now designs and manufactures electronic components focused on defining and delivering the future of mission-critical electronics. Quantic Now was formed in 2021 and is based in East Providence, Rhode Island.

DEAL STATS #
Overall 7 of 11
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 4 of 8
State (Arkansas) 1 of 1
Country (United States) 7 of 11
Year (2021) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Union Technology

Monterey Park, California, United States

Union Technology Corp. is involved in the design, development, and manufacture of multilayer ceramic capacitors and assemblies. UTC specializes in surface-mount multilayer ceramic chip capacitors and high-frequency switch-mode power supply capacitors for aerospace, military, telecommunications, and industrial applications. Union Technology Corp. was formed in 1991 and is based in Monterey Park, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 X-Microwave

Austin, Texas, United States

X-Microwave is a developer of modular RF and Microwave building blocks that allow designers to seamlessly design, evaluate, prototype, and produce high-performance RF and Microwave systems. X-Microwave was founded in 2013 and is based in Austin, Texas.

Buy -

Seller(S) 2

SELLER

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1992
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.

DEAL STATS #
Overall 24 of 26
Sector (Aerospace) 2 of 2
Type (Add-on Acquisition) 9 of 10
State (Arkansas) 1 of 1
Country (United States) 23 of 25
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Trillium Engineering

Hood River, Oregon, United States

Trillium is a designer and manufacturer of highly engineered camera gimbals for unmanned aerial systems performing mission-critical intelligence, surveillance and reconnaissance missions. Serving as the mission-enabling “eyes” of UAS, the Company’s products provide stability and imagery for real-time geospatial and geolocation applications in the visible and infrared spectrums. Trillium serves a diversified array of domestic and international defense and government UAS OEMs, integrators and end-users.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 International Marine & Industrial Applicators

Daphne, Alabama, United States

International Marine & Industrial Applicators is a provider of critical vessel preservation services to the U.S. Navy ("USN") and commercial maintenance, repair, and overhaul ("MRO") and new construction markets. International Marine & Industrial Applicators was founded in 1985 and is based in Daphne, Alabama.

Sell -
SELLER

BNPP Capital Partners

Paris, France

Category Mezzanine Finance Firm
Founded 1991
Size Large
Type Sector Agnostic
DESCRIPTION

BNPP Capital Partners is the private equity investment arm of BNP Paribas in North America. The Group provides both equity and mezzanine capital to support buyouts or recapitalizations of middle-market companies. BNPP will also consider providing capital to help fund growth initiatives. The Firm prefers minority investments situations and often partners with outside equity sponsors. BNPP will consider investments in a wide range of industries. Sectors of interest include business services, manufacturing/distribution, consumer products and services, electronics & technology, healthcare, power generation equipment, environmental services, financial services, food/beverage & restaurants, aerospace/defense, media communications and advertising, natural resources and transportation. BNPP Capital Partners was formed in 1991 and is headquartered in Paris, France.

DEAL STATS #
Overall 9 of 9
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Arkansas) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Anteryon

Eindhoven, Netherlands

Anteryon designs and produces the highest quality, smallest and lowest costs micro-optics and refractive-optics enabling wafer-based production, packaging and integration of optics with light sensors and light sources.

Sell -
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