Diamond Antenna and Microwave Corporation (“Diamond” or the “Company”), a portfolio company of Artemis Capital Partners, announced that it has acquired Antenna Associates, Inc. (“Antenna Associates”).
Diamond is a developer of advanced radio frequency (“RF”) and electro-mechanical solutions for mission critical applications at the frontier of national security, connectivity and mobility. With the acquisition of Antenna Associates, Diamond adds a Massachusetts-based developer of advanced Identification Friend or Foe (“IFF”) and secondary surveillance radar (“SSR”) antenna systems for military and commercial applications to its radar system solutions portfolio.
Antenna Associates brings decades of experience designing and manufacturing high-performance, mission-critical IFF and SSR systems and arrays that are embedded into radar programs across air, land & sea. These proven technologies support enhanced situational awareness, secure identification, and improved decision-making in an increasingly complex and contested mission environment.
“The acquisition of Antenna Associates marks an exciting step toward reaching our strategic goals,” said John Neubert, CEO of Diamond. “Together, we will expand our ability to serve our customers with a broader, integrated suite of solutions. As long-time commercial partners prior to this acquisition, we know the team at Antenna Associates shares our commitment to customer focus, engineering excellence, reliability, and mission readiness, and we are thrilled to welcome their talented team to Diamond.”
The acquisition broadens Diamond’s product portfolio, accelerates the Company’s ability to serve growing US and global customer demand for next-generation radar systems and enables the development of a shared customer-centric technology roadmap.
Philpott Ball & Werner, LLC advised Artemis Capital Partners.
About Philpott Ball & Werner (“PB&W”)
Founded in 1991, PB&W is a premier middle-market investment bank that provides merger, acquisition and company sale advisory services, as well as providing fairness opinions and advisory services for select private placements. PB&W serves clients throughout North America, the United Kingdom and the European Union with offices located in greater Boston and Charlotte. To learn more about PB&W, please visit www.pbandw.com.
