Renaissance Electronics & Communications and its subsidiary, HXI (collectively, “Renaissance” or the “Company”) has been acquired by AEM, a portfolio company of Industrial Growth Partners.
Renaissnace is a designer and producer of high-reliability passive and active radio frequency (RF) and millimeter wave frequency (mmW) components, subsystems and higher-order assemblies for specialized defense and commercial applications. The Company’s engineered solutions have applications across a wide spectrum ranging from DC to 325GHz, with applications including radar, defense and communications.
“The addition of Renaissance expands our high-relability component offerings significantly and adds a new area of technology expertise around RF products, helping us serve a wider range of our customers’ needs,” commented Rick Busch, CEO of AEM.
“AEM is the ideal partner for Renaissance, with both companies possessing strong reputations and sharing complementary technology offerings in the space, defense and other high-relability markets. We look forward to accelerating growth through our enhanced sales presence, go-to-market capabilities and customer relationships,” said Anuj Srivastava, President & CEO of Renaissance.
Philpott Ball & Werner, LLC (“PB&W”) served as exclusive financial advisor to Renaissance.