M&A Deal Summary

Arlington Capital Partners Acquires Stellant

On August 3, 2021, private equity firm Arlington Capital Partners acquired electronics company Stellant from L3Harris

Acquisition Highlights
  • This is Arlington Capital Partners’ 3rd transaction in the Electronics sector.
  • This is Arlington Capital Partners’ 48th transaction in the United States.
  • This is Arlington Capital Partners’ 4th transaction in California.

M&A Deal Summary

Date 2021-08-03
Target Stellant
Sector Electronics
Buyer(s) Arlington Capital Partners
Sellers(s) L3Harris
Deal Type Divestiture

Target

Stellant

Torrance, California, United States
Stellant is a provider of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets. The Company designs and assembles traveling wave tubes (TWTs), nano microwave power modules, and other related subsystems, and is a provider of space-qualified TWTs. Stellant is based in Torrance, California.

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Buyer(S) 1

Buyer

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.


DEAL STATS #
Overall 52 of 65
Sector (Electronics) 3 of 3
Type (Divestiture) 7 of 8
State (California) 4 of 5
Country (United States) 48 of 61
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 TRP Infrastructure Services

Fort Worth, Texas, United States

TRP Infrastructure Services is a provider of thermoplastic striping, painting and markers, rumble strips and traffic control services, including: delineation devices, warning signs and maintenance & consulting services. The majority of the Company’s revenue is derived directly or indirectly from the Texas Department of Transportation and local municipalities. TRP Infrastructure Services was founded in 2010 and is headquartered in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 MCR

McLean, Virginia, United States

MCR provides cost analysis and engineering and software development expertise to customers in defense, intelligence and critical civilian governmental agencies in the US as well as customers internationally. MCR was founded in 1977 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

L3Harris

Melbourne, Florida, United States

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.


DEAL STATS #
Overall 17 of 23
Sector (Electronics) 2 of 3
Type (Divestiture) 16 of 22
State (California) 2 of 2
Country (United States) 17 of 23
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 L3 Harris Technologies - Military Training Business

Tampa, Florida, United States

L3 Harris Technologies' Military Training Business provides military training solutions; Doss Aviation is the provider of initial flight training to the United States Air Force (USAF); and AMI is a design and manufacturing facility for simulator hardware.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-06 L3 ESSCO

Ayer, Massachusetts, United States

L3 ESSCO is a manufacturer of metal space frame ground radomes that support a variety of applications, including air defense, weather radar, air traffic control, and satellite telemetry and tracking. L3 ESSCO is based in Ayer, Massachusetts.

Sell -