UST-Aldetec Holding Company LLC, a portfolio company of Cornerstone Capital Holdings, LLC has been acquired by Arotech Corporation, a portfolio company of Greenbriar Equity Group, L.P.
UST-Aldetec is a state-of-the-art design, engineering, manufacturing and services company specializing in complex, high reliability, mission critical electronic components with sites in Fair Lawn, NJ, Sacramento, CA, and Reno, NV. The addition will bring expertise in integrated microwave assemblies, RF amplifier equipment and power supplies, among other specializations, to the Advanced Electronics Division of Arotech.
The newly formed division will have the ability to support customer programs from component level selection and design to full system manufacturing, functional test and integration. UST-Aldetec will join UEC Electronics (Hanahan, SC) to expand the capabilities of Arotech’s Advanced Electronics Division into the RF Microwave space and bring additional manufacturing capabilities to the UST-Aldetec companies.
“The addition of UST-Aldetec expands our electronics capabilities into both RF and Microelectronic product platforms. This capability will open up a much broader market segment for our growing complex electronics business and allow us to serve a growing need for these types of products within our existing defense, communications, and medical markets,” said Matt Bakker, President of the Advanced Electronics Division.
Philpott Ball & Werner served as exclusive financial advisor to UST-Aldetec Holding Company, LLC and Cornerstone Capital Holdings LLC.