M&A Deal Summary

Resilience Capital Partners Acquires CPI ASC Signal Division

On January 1, 2008, private equity firm Resilience Capital Partners acquired technology hardware company CPI ASC Signal Division from Andrew

Acquisition Highlights
  • This is Resilience Capital Partners’ 1st transaction in the Technology Hardware sector.
  • This is Resilience Capital Partners’ 13th transaction in the United States.
  • This is Resilience Capital Partners’ 1st transaction in Texas.
Investment Fate
  • CPI ASC Signal Division was sold to a strategic buyer in 2015.
  • CPI ASC Signal Division was divested to a consortium of strategic buyers in 2020.

M&A Deal Summary

Date 2008-01-01
Target CPI ASC Signal Division
Sector Technology Hardware
Buyer(s) Resilience Capital Partners
Sellers(s) Andrew
Deal Type Divestiture

Target

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.

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Buyer(S) 1

Buyer

Resilience Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 675M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Resilience Capital Partners is a private equity firm focused on investing in lower middle-market underperforming and turnaround situations. Resilience targets non-core divisions or subsidiaries, companies with severe operational issues, businesses suffering from insufficient management focus, and privately held companies with lack of access to capital. Sectors of interest include niche manufacturing, specialty chemicals, and industrial services. Prospective companies are generally located in North America with $25 to $250 million in revenue, and EBITDA typically under $20 million. Resilience Capital Partners was formed in 2001 and is located in Cleveland, Ohio.


DEAL STATS #
Overall 13 of 41
Sector: Technology Hardware M&A 1 of 2
Type: Divestiture M&A Deals 3 of 8
State: Texas M&A 1 of 1
Country: United States M&A 13 of 40
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-30 Flight Options

Cleveland, Ohio, United States

Flight Options is a private jet aviation company that operates a fleet of 130 luxury aircraft to provide a full suite of services to businesses and high net worth individuals. Flight Options was established in 1998 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-25 Excello Engineered Systems

Macedonia, Ohio, United States

Founded in 1934, Excello Engineered Systems was the market leader for its principal product lines. It established strong relationships with several OEMs in the automotive industry including its largest customer, Ford Motor Company, as well as Toyota, Honda and Nissan.

Sell -

Seller(S) 1

SELLER

Andrew

Westchester, Illinois, United States

Category Company
Founded 1937
Sector Technology Hardware
Employees9,453
DESCRIPTION

Andrew LLC is a manufacturer of communication equipment's.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 EMS Technologies - EMS Wireless

United States

EMS Wireless division is a provider of mobile wireless and fixed wireless applications, and in-building and repeater solutions.

Buy $50M