M&A Deal Summary

CPI Acquires L3 ESSCO

On September 6, 2021, CPI acquired electrical equipment company L3 ESSCO from L3Harris

Acquisition Highlights
  • This is CPI’s 1st transaction in the Electrical Equipment sector.
  • This is CPI’s 6th transaction in the United States.
  • This is CPI’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2021-09-06
Target L3 ESSCO
Sector Electrical Equipment
Buyer(s) CPI
Sellers(s) L3Harris
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

CPI

Plano, Texas, United States
Category Company
Founded 1995
Sector Electrical Equipment
Employees1,490
DESCRIPTION

CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in?flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Plano, Texas.

DEAL STATS #
Overall 6 of 6
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Massachusetts) 2 of 2
Country (United States) 6 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 CPI ASC Signal Division

Plano, Texas, United States

CPI ASC Signal Division is a provider of earth station antennas that are an important part of government strategic and tactical communications, especially for defense and intelligence operations, and are also used widely in the commercial world. ASC products also include radar antennas for air traffic control and weather applications, as well as High-Frequency (HF) and specialty antennas.

Sell -

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 18 of 23
Sector (Electrical Equipment) 2 of 3
Type (Divestiture) 17 of 22
State (Massachusetts) 2 of 2
Country (United States) 18 of 23
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Narda-MITEQ

Hauppauge, New York, United States

Narda-MITEQ designs, engineers, and manufactures custom radiofrequency (“RF”) and microwave subsystems and components for defense and commercial end markets. Narda-MITEQ is based in Hauppauge, New York.

Sell -
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