Recapitalization • Semiconductors

Addison Capital Partners Acquires Communication Power Companies

On July 6, 2023, private equity firm Addison Capital Partners acquired semiconductors company Communication Power Companies

Acquisition Context
  • This is Addison Capital Partners’ 1st transaction in the Semiconductors sector.
  • This is Addison Capital Partners’ 7th transaction in the United States.
  • This is Addison Capital Partners’ 3rd transaction in New York.

Explore All 9 Recapitalization Semiconductors Deals - Search the Database Free


M&A Deal Summary

Date July 6, 2023
Target Communication Power Companies
Sector Semiconductors
Buyer(s) Addison Capital Partners
Deal Type Recapitalization

Target Company

Communication Power Companies

Hauppauge, New York, United States
Communication Power Companies is a manufacturer of standard and custom RF and microwave power amplifiers for military, industrial, scientific and medical applications. Communication Power Companies was founded in 1994 and is based in Hauppauge, New York.
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Buyer Overview 1

Buyer

Addison Capital Partners

West Palm Beach, Florida, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Addison Capital Partners LLC is a private equity firm that seeks to invest in partnership between owners and operators of lower middle market companies. Addison focuses on companies with proven profitability, experienced management, diverse customers and defensible market position with an EBITDA of $1 - $10 million. The Firm targets companies operating in the fields of manufacturing, distribution and business services. Types of transactions include MBO’s, recapitalizations, growth capital and non-control Investments. Addison Capital Partners LLC was formed in 2004 and is based in West Palm Beach, Florida.


Deal Context for Buyer #
Overall 7 of 7
Sector: Semiconductors 1 of 1
Type: Recapitalization 6 of 6
State: New York 3 of 3
Country: United States 7 of 7
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 IMG Companies

Livermore, California, United States

IMG Companies is a manufacturer of process sensitive, critical and highly engineered components and consumable parts. IMG provide OEMs responsive solutions for the manufacture of quick turn, prototype, and commercial-scale component and consumable parts for semiconductor, aerospace and defense, medical device, and energy applications. IMG Companies was founded in 2004 and is based in Livermore, California.

Sell $270M