Project Description

Communications & Power Industries (CPI) has divested its ASC Signal Division (ASC) to Kratos Defense & Security Solutions, Inc. (Kratos).  ASC designs and manufactures high-performance, highly engineered antenna systems for satellite communications (SATCOM), radar, electronic warfare (EW) and high-frequency (HF) applications.  ASC is one of the leading SATCOM antenna providers in the world, with antennas ranging in size from 2 meters to 18 meters.  For over 60 years, ASC has developed innovative, high performance antenna products used in a variety of mission-critical space applications including Telemetry, Tracking & Command (TT&C), SATCOM and Earth Sensing & Observation for military and commercial satellites in low (LEO), medium (MEO) and geostationary (GEO) orbits.  ASC is well positioned to continue to support the growing space and satellite markets.  ASC has facilities in Whitby, Ontario and Plano, Texas.

“Kratos has an extremely exciting vision for the future of dynamic ground systems, and we are inspired to become a part of it,” said Tony Russell, who led ASC and will run the Antenna/RF operating unit within Kratos.

Philpott Ball & Werner, LLC served as the exclusive financial advisor to CPI, ASC and Odyssey in the transaction.

About Kratos Defense & Security Solutions (Kratos)

Kratos Defense & Security Solutions, Inc. develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises.  Kratos specializes in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development.

About Communications & Power Industries (CPI)

Communications & Power Industries 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.  CPI is a portfolio company of Odyssey Investment Partners (Odyssey).

About Philpott Ball & Werner (PB&W)

PB&W advises companies that design and manufacture highly engineered products, systems, software and technical services within the Aerospace, Defense, Government, Intelligence and Technology markets.

PB&W advises middle market public and private companies, private equity groups, management teams, corporate boards and their legal advisers throughout North America, the United Kingdom and the European Union.  PB&W’s services include:

  • Merger and Acquisition Services
  • Company Sales and Divestitures
  • Select Private Placements
  • Fairness Opinions and Corporate Valuations