Check out the Private Equity Podcast episode #3:
Mergers & Acquisitions’ 2021 Most Influential Women Speak Conference was held virtually on February 24th, 2021. The Program featured keynote presentations, fireside chats, interactive panel discussions, and breakout sessions. The Conference covered the most important industry trends and themes, such as: Promoting & Implementing Diversity in M&A, Maximizing Deal Flow, Picking Winners in the COVID Era, and Managing Risk Across Your Portfolio. Beatrice Mitchell of Sperry, Mitchell & Co. led a panel discussion on Starting Your Own Firm, which included panelists Marilyn Adler from Mizzen Capital, Jeri Harman of Avante Capital Partners and Suzanne Yoon Kinzie Capital Partners.
New York, NY (March 8, 2021) – Planar Monolithics Industries, Inc. (“PMI”) of Frederick, MD has been acquired by Quantic™ Electronics (“Quantic”), a portfolio company of Arcline Investment Management (“Arcline”). Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to PMI. Hirschler Fleischer served as PMI’s legal representative for the transaction.
PMI was founded by Dr. Ashok (Ash) Gorwara in 1989. For over three decades, PMI has been a leading supplier of custom, high-reliability MIC/MMIC components and subsystems for applications in space, military, communications, commercial, and consumer electronics systems. This acquisition marks the next chapter in a highly distinguished career for Dr. Gorwara. “I am extremely happy with this outstanding outcome for PMI, my dedicated staff and myself,” said Dr. Gorwara. “The Sperry Mitchell team was critical to the success of this transaction. Their involvement allowed me and my management team to focus on running the business while they drove the deal process forward. When obstacles were encountered, the Sperry Mitchell team was always available and prepared with creative solutions that were agreeable to all parties and led to a positive result for everyone involved in the transaction.”
Sebastian Palacio, General Manager of PMI stated, “PMI will carry on the legacy of its founder, Dr. Ash. The company was founded to take advantage of the burgeoning demand for monolithic-based products using Hybrid MIC/MMIC technology innovations. For the last 30 years, we have been dedicated to developing new technology and products that solve our customers’ difficult design challenges. I would like to thank all the employees that have contributed to our years of success, and I look forward to working as part of the Quantic family to write our next chapter.”
Quantic Electronics. (www.quanticnow.com) is an electronic components company focused on defining and delivering the future of mission-critical electronics. The firm has over a century of combined experience as reliable problem-solvers and trusted partners in military, aerospace, industrial and commercial markets.
Arcline Investment Management (www.arcline.com) is a growth-oriented private equity firm that seeks to invest in thriving middle market businesses with structurally recurring revenue streams in high value industries. Arcline’s differentiated investment strategy combines deep business model expertise, proactive thematic research, an unrelenting focus on the upside and a collaborative, management-first approach to value creation. The firm’s primary sectors of interest include defense, aerospace, critical infrastructure services, industrial & biopharmaceutical technology, life sciences and specialty materials. Launched in 2019, Arcline currently has $4.3 billion in cumulative capital commitments. The firm’s more than 35 professionals are predominantly based in New York and San Francisco.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $10 to $450 million.
For the fifth year, Mergers & Acquisitions has recognized Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.
New York, NY (December 28, 2020) – OCP Group, Inc. (“OCP”) of San Diego, CA, a leading designer and manufacturer of complex custom connectors and cable assemblies, has been acquired by Interplex Holdings (“Interplex”) of Singapore. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to OCP.
“OCP is very excited to become a part of the Interplex family,” said Treacy Sommer, General Manager and shareholder of OCP. “By joining Interplex, we will be a part of a global team that offers responsive and technical expertise to top-tier OEMs in the Medical, Life Sciences, Automotive, Data Center and Industrial markets.”
“OCP has a solid track record of over 30 years in the design and manufacturing of highly-reliable custom connectors and cable assemblies for key major OEMs. The acquisition of OCP is a strategic investment in expanding Interplex’s fast-growing Medical & Life Sciences product portfolio. They also bring valuable opportunities in specialized sensors, as well as harsh environment applications,” said Alessandro Perrotta, CEO of Interplex.
OCP Group, Inc. (www.ocp.com) is a leading designer and manufacturer of highly-reliable custom connectors and cable assemblies, serving as a trusted partner to OEMs in the automation, medical, life sciences, and robotic sectors. OCP has been an Inc. 5000 Fastest Growing Private Company for the last 3 years and has over 30 years of experience providing flexible interconnect solutions.
Interplex Holdings (www.interplex.com) is the world’s leading designer and manufacturer of customized, high-precision interconnect solutions. Headquartered in Singapore, Interplex has established a leading position in key fast-growing markets, such as the Electronification of Cars, Autonomous Driving, Medical & Life Sciences and Data Centers. Interplex’s global footprint spans 25+ locations across 13 countries.
Sperry Mitchell (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries.
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- VIDEO: Beatrice Mitchell Leads a Panel at the 2021 Mergers & Acquisitions’ Most Influential Speak ConferenceMarch 9, 2021 - 8:37 pm
- Sperry Mitchell Advises Planar Monolithics Industries on its Sale to Quantic ElectronicsMarch 8, 2021 - 6:23 pm