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Communications & Power Industries completes acquisition of TMD Technologies

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Communications & Power Industries completes acquisition of TMD Technologies

Communications & Power Industries (CPI) has successfully completed the purchase of TMD Holdings Limited and its subsidiaries, including TMD Technologies Limited and TMD Technologies, LLC (together, TMD). Consisting of approximately 170 employees in facilities in the United Kingdom and the United States, TMD is a world-leading designer and manufacturer of technologically advanced microwave, radio frequency and high voltage equipment for radar, electronic warfare, communications, medical, EMC testing and scientific applications.

TMD brings new products and technological capabilities to CPI’s established portfolio of electronic components and subsystems focused primarily on the defense and communications markets. TMD’s range of reliable and innovative products includes traveling wave tubes (TWTs), TWT amplifiers, transmitters, microwave power modules, high voltage power supplies, and other microwave devices and amplifiers.

“TMD has a well-earned global reputation for high-reliability transmitters and microwave devices, in particular state-of-the-art microwave power modules and TWT amplifiers. We have long been impressed by the quality of TMD’s people and technology. Adding TMD’s proven products to CPI’s Electron Device Business will provide a TMD with a prosperous, long-term home for their business and will enable the companies to offer customers broader capabilities and more comprehensive solutions for radar, electronic warfare, communications, EMC testing and related applications,” said Andy Ivers, president and chief operating officer of CPI.

The newly acquired business will be owned and operated as a subsidiary of CPI and will be part of CPI’s Electron Device Business, which focuses on components used in the generation, amplification, transmission and reception of microwave signals. TMD’s leadership team will remain with the business and report to Todd Treado, president of CPI’s Electron Device Business.

“Having worked in close partnership with them on a number of key programs, we have come to strongly appreciate CPI’s approach to customer service, reliability and innovation. We see these as an excellent fit to the culture at TMD, which is based on the same values. The TMD team looks forward to our next chapter, growing the business within CPI and continuing to be the best partner to our customers for innovative and reliable radio frequency and high voltage power solutions,” said Dave Brown, who leads the TMD operations.

The transaction was funded using CPI’s existing cash balances. Financial terms of the acquisition are not being disclosed.

About Communications & Power Industries

Communications & Power Industries (CPI) is a global manufacturer of electronic components and subsystems focused primarily on communications and defense markets. With a heritage of technological excellence that spans decades, CPI develops, manufactures and globally distributes innovative and reliable technology solutions used in the generation, amplification, transmission and reception of microwave signals for commercial and military applications. CPI serves customers in the communications, defense, medical, industrial and scientific markets. CPI consists of Communications & Power Industries LLC, headquartered in Palo Alto, California, and Communications & Power Industries Canada Inc., located in Ontario, Canada.

About TMD Technologies Limited

With a heritage dating back to the 1940s, TMD Technologies Limited (TMD) is a world-class designer and manufacturer of professional microwave and radio frequency (RF) products. At the company headquarters in Hayes, West London it produces specialized transmitters, amplifiers, microwave power modules (MPMs), high voltage power supplies, microwave tubes and transponders for radar, electronic warfare and communications applications. A twice previous Queen’s Award winner, TMD also produces a range of advanced instrumentation microwave amplifiers for EMC testing, scientific and medical applications. TMD is also making on-going and substantial investment in the development of quantum-enabled technology under the UK National Quantum Technologies Programme (UK-NQTP). Recently, TMD has expanded their investment in the Solid State Power Amplifier MPM space through a partnership with Diamond Microwave LTD, and now has SSPA MPMs available with various output power options from UHF through Ku-band.

Acquisition

Schneider Electric acquires EV Connect to Accelerate EV Revolution

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Schneider Electric acquires EV Connect to Accelerate EV Revolution

Investment enables EV Connect to accelerate its growth, support customers and empower energy companies by optimizing EV charging infrastructure

EV Connect, Inc., a premier electric vehicle (EV) charging solution provider, announced that it has been acquired by Schneider Electric, the leader in energy management and automation. With a strong foundation in sustainability and eMobility, Schneider Electric’s acquisition of EV Connect will enable the Company to accelerate its growth. Along with the current management team, CEO and founder Jordan Ramer will continue to lead EV Connect’s operations as a distinct subsidiary, with continued focus on customer service and the Company’s overall mission.

“At Schneider Electric, we believe that electric and digital are the recipe for a more sustainable and more resilient world,” said Nadege Petit, Chief Innovation Officer at Schneider Electric. “EV Connect has a very similar vision. We look forward to working together to accelerate the EV revolution.”

“We are thrilled to partner with Schneider Electric. They not only support our strategic goals, but fully embrace the value of electricity as a transportation fuel managed by a robust and feature-rich networked EV charging platform,” said Jordan Ramer, CEO and founder at EV Connect. “With Schneider we are positioned to strengthen our presence in the EV market, and we look forward to the journey as we open a new chapter for EV Connect.”

About EV Connect

EV Connect is on a mission to build a better planet by enabling electricity as a transportation fuel. Through its innovative and open charging platform, EV Connect simplifies the set-up, management, and optimization of charging stations with premium customer service, from installation to driver support. EV Connect guides companies of all sizes in managing networks of chargers and delivers a seamless EV charging experience that empowers drivers.

Established in 2010, EV Connect is a subsidiary of Schneider Electric which serves customers across 41 states in the U.S., including GM, Avista Utilities, Love’s Travel Stops, Verizon, Marriott, Hilton, Western Digital, ADP, New York Power Authority, and numerous municipalities.

About Schneider Electric

Schneider Electric’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, endpoint to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

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Acquisition

ROLLER Acquires Active8 Software, Increasing Global Presence

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ROLLER Acquires Active8 Software, Increasing Global Presence

The Combined Company Doubles Down on Helping Leisure and Attractions Customers Enhance the Guest Experience

ROLLER, an all-in-one venue management software company, announced today that their acquisition of Active8 Software has been finalized. The combined company, operating under the ROLLER name, provides all the tools venues in the leisure and attractions industry need to deliver unparalleled guest experiences worldwide. ROLLER’s acquisition of Active8 bolsters their global presence and underscores their commitment to helping its customers grow by enabling venues to more efficiently run their operations, increase attendance and spend per head, and deliver memorable guest experiences.

“We are absolutely thrilled to be welcoming Greg and the Active8 team into the ROLLER family. They share the same passion for enhancing the guest experience and helping customers to grow their businesses with technology. By joining forces, we are able to extend our global footprint and work together to deliver even more value for our customers. Exciting times ahead!” said Luke Finn, CEO of ROLLER.

“When I looked at how Active8 could best support our customers in the future, it was clear that we could move faster and better deliver on our commitment to our customers, by joining forces with ROLLER. ROLLER and Active8 are united by the same core mission of helping our customers deliver the best possible experience for their guests, so the decision was easy when I met the team at ROLLER and saw how we could help each other accelerate our customers’ growth. ROLLER’s technology is industry-leading and I’m very excited to be joining such an impressive team,” said Greg Spittle, CEO of Active8.

About ROLLER

With customers in over 25 countries, ROLLER’s vision is to help create experiences that bring joy and happiness to the world. They aim to achieve this by building technology for leisure and attraction businesses that helps them deliver amazing experiences for their guests. ROLLER is a complete software platform for the modern attraction. Their innovative products include: Ticketing, Point-of-Sale, Integrated Payments, CRM, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more.

About Active8 Software

Launched in 2016, Active8 Software is a purpose-built point-of-sale software solution designed to accommodate the unique processes of trampoline parks, climbing gyms, ninja warrior gyms, and family entertainment venues. Their all-in-one system offers a full suite of features, including recurring memberships, ticketing, point of sale, CRM, party management, waivers, gift cards, employee scheduling and more. Active8 is headquartered in Lewisville, Texas.

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Acquisition

Investment Firm Highlander Partners Announces the Acquisition of McIntosh Group, a Leader in Premium Consumer Audio Technology

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Investment Firm Highlander Partners Announces the Acquisition of McIntosh Group, a Leader in Premium Consumer Audio Technology

McIntosh Group will serve as anchor for new Highlander luxury technology platform

Highlander Partners, L.P. (“Highlander”), a leading private investment firm, today announced the acquisition of McIntosh Group, through a newly-formed holding company (“the Group” or “the Company”).  McIntosh Group has been a leader and innovator in the high-end audio category for decades and today manufactures and globally distributes the world’s finest amplifiers, speakers, turntables and other audio products under several renowned brands.  The Company is driven by its dedication to quality performance, sophisticated technology, refined design, and artisan manufacturing.  These tenets have resulted in brands known for incomparable design, product quality and consumer experiences.

The Group is anchored by the legendary McIntosh brand.  Since 1949, McIntosh amplifiers have been engineered and handcrafted in Binghamton, New York and have undergone an incredible history, having powered events ranging from presidential inaugurations to Woodstock ’69.  McIntosh amps are globally renowned both for their iconic signature design – classic tubes, knobs and the beloved blue metered faceplate – as well as their unparalleled, powerful audio quality.

The Group also features Sonus Faber, a luxury designer and manufacturer of premium speakers.  Based in Vicenza, Italy, the brand’s heritage centers around its artisans’ craftsmanship, which leads to the creation of the most world’s most elegant audio products.  Sonus Faber offers a range of products spanning from masterfully designed loudspeakers to custom installed solutions and cutting-edge wireless streaming speakers. Like McIntosh, Sonus Faber blends design and innovation to create superior technological products that are also works of art, revered by audiophiles and design-minded consumers alike.

In addition, McIntosh Group provides fully integrated distribution services across North America, Central and South America, the United Kingdom, and Benelux for their owned brands as well as several third-party brands including Pro-Ject (premium turntables), Rotel (premium amplifiers and electronics), and Bassocontinuo (Italian-crafted audio racks).  The Group also boasts a thriving automotive entertainment business, providing audio technology for select premium models, including the Grand Wagoneer and Jeep Grand Cherokee L under the McIntosh brand and the Maserati Grecale and MC20 under Sonus Faber.

Jeff L. Hull, Highlander Partners President and CEO commented, “We have been evolving our investment strategy around consumer-focused brands and luxury goods over several years.  The opportunity to acquire brands as strong as those within the McIntosh Group does not come often and we are very excited to be part of the Company’s next chapter.  We believe there is a unique opportunity to acquire other consumer luxury technology brands and intend to stay active in the category.”

Jeff Poggi and Charles Randall, co-CEOs of the McIntosh Group commented, “We are thrilled to continue to pursue our growth trajectory alongside the Highlander team.  Across all brands and product categories we continue to see remarkable results and an excess of opportunity; we believe Highlander’s financial approach and operational expertise can help seize these prospects.”

Ben Slater, Partner at Highlander added, “McIntosh Group sits at the intersection of several strong trends that we are eager to be a part of.  The residential environment is rapidly evolving, with technology becoming an integral component throughout the home.  Moreover, consumers across the demographic spectrum are demanding high fidelity audio now more than ever, and premium brands such as McIntosh and Sonus Faber are increasingly viewed as functional pieces of art.”

Lincoln International LLC acted as financial advisor, and Shearman & Sterling LLP served as legal counsel for the McIntosh Group. Highlander Partners was represented by Katten Muchin Rosenman LLP as legal counsel.

About McIntosh Group

McIntosh Group is a leading designer, manufacturer, and marketer of high-end home audio equipment worldwide. The Company offers a broad suite of premium audio products across multiple brands, catering to a highly loyal base of audio enthusiasts and music lovers. The common denominator of all the McIntosh Group brands is the goal of bringing sound to life through quality products built to perform. McIntosh Group strives to ensure the long-term development of each of its brands in keeping with their identity, their heritage, and their expertise. For more information, visit www.mcintoshgroup.com.

About Highlander Partners

Highlander Partners, L.P. is a Dallas-based private investment firm with more than $2 billion of its own proprietary capital. The firm focuses on making investments in businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Highlander Partners employs a buy and build investment approach, creating value by helping companies grow both organically and through acquisitions. For more information, visit www.highlander-partners.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/highlander-partners-announces-the-acquisition-of-mcintosh-group-the-leader-in-premium-consumer-audio-technology-301568245.html

SOURCE Highlander Partners, L.P.

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