Comtech - M&A Summary and Business Overview

Technology HardwareCompany

Comtech M&A Summary

Comtech has acquired 7 companies, including 3 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

Comtech’s largest acquisition to date was in 2020, when it acquired Gilat Satellite Networks for $533M. It’s largest disclosed sale occurred in 2023, when it sold Comtech - Power Systems Technology to Stellant Systems for $40M. Comtech has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include communications (34%) and technology hardware (34%).

Comtech Business Overview

Where is Comtech headquartered?

Comtech is headquartered in Melville, New York.

What is Comtech’s revenue?

Comtech disclosed revenue of 550M USD for 2023 and 486M USD for 2022.

How many employees does Comtech have?

Comtech has 1,718 employees.

What sector is Comtech in?

Comtech is a technology hardware company.

When was Comtech founded?

Comtech was founded in 1967.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 9

Comtech

Comtech Telecommunications Corp.

68 South Service Road, Suite 230,
Melville, New York 11747
United States,
(631) 962-7000
www.comtechtel.com

Comtech is a designer, developer, producer, and marketer of products, systems, and services for communications solutions in the United States and internationally. Comtech was incorporated in 1967 and is based in Melville, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 5 1 - - - - 6
vol $1.2B $533M $1.7B
Sell (0.2/yr) # 1 - - - 1 - 2
vol $40M $40M
  8

Most Recent M&A

Company Date Value Type
Comtech - Power Systems Technology 2023-10-12 40M USD Divestiture
Melville, New York
Gilat Satellite Networks Ltd. 2020-01-29 533M USD Add-on Acquisition
Petah Tikva, Israel · www.gilat.com
UHP Networks, Inc. 2019-11-21 40M USD Add-on Acquisition
Pointe-Claire, Quebec · www.uhp.net
Solacom Technologies, Inc. 2019-01-08 33M USD Add-on Acquisition
Gatineau, Quebec · www.solacom.com
CPI International, Inc. 2017-07-05 - Divestiture
Santa Rosa, California · www.cpiinternational.com
Telecommunication Systems, Inc. 2015-11-23 431M USD Add-on Acquisition
Annapolis, Maryland · www.telecomsys.com
CPI International, Inc. 2010-05-10 472M USD Add-on Acquisition
Santa Rosa, California · www.cpiinternational.com
Radyne Corp. 2008-05-12 227M USD Add-on Acquisition
Phoenix, Arizona
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Gilat Satellite Networks Ltd. 2020-01-29 DataPath, Inc. 2023-11-16 2
Petah Tikva, Israel · www.gilat.com Duluth, Georgia · www.datapath.com
Comtech EF Data Corp.    - Verso Technologies - Network Backhaul Assets and Product Lines 2008-07-21 1
Tempe, Arizona · www.comtechefdata.com , United States

M&A by Sector

Sector Buy # Value Sell # Value
Technology Hardware 2 (33%) 573M (33%) 1 (50%) 40M (100%)
Communications 2 (33%) 260M (15%) - -
Test/Measurement Equipment 1 (17%) 472M (27%) 1 (50%) -
Information Technology 1 (17%) 431M (25%) - -
Total 6 $1.7B 2 $40M

By Geo

State/Country Buy Value Sell Value
United States 3 1.1B 2 40M
  California 1 472M 1 -
  Maryland 1 431M - -
  Arizona 1 227M - -
  New York - - 1 40M
Canada 2 73M - -
  Quebec 2 73M - -
Israel 1 533M - -
Domestic 3 (50%) 1.1B (65%) 2 (100%) 40M (100%)
Cross-border 3 (50%) 606M (35%) - -
Total 6 $1.7B 2 $40M

Top M&A Advisors

Financial Deals
Citigroup Investment Banking
2
BofA Securities
1
Evercore Group
1
Legal Deals
Proskauer Rose LLP
6
Morgan Lewis
2
Torys LLP
2

Deal Values

buy # Total
$100M to $1B 4 $1.7B
< $100M 2 $73M
TOTAL $1.7B
Largest Gilat Satellite Networks Ltd.
$533M (2020-01-29)
sell # Total
< $100M 1 $40M
TOTAL $40M
Largest Comtech - Power Systems Technology
$40M (2023-10-12)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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