New York, NY (October 5, 2021) – dBmCORP, Inc. (“dBm”) of Oakland, NJ has been acquired by Maury Microwave, Inc. (“Maury”) of Ontario, CA, a portfolio company of Artemis Capital Partners (“Artemis”), headquartered in Boston, MA. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to dBm. Hirschler Fleischer served as dBm’s legal representative for the transaction.
dBm (www.dbmcorp.com) is a leading designer and manufacturer of wireless link emulation equipment used for research & development, qualification and production verification testing in the satellite and wireless communication industries. dBm’s best-in-class technology empowers its customers to accurately test the performance of their mission-critical, space-based communication systems by emulating signal propagation through the atmosphere and non-linear distortion caused by electronic hardware. “We are excited to work together to address the next generation of satellite communication requirements,” said Dale Sydnor, President of dBm. “With Maury’s help, we will expand our footprint both within the United States and abroad, while focusing on ensuring our customers feel supported and continue to put their faith in dBm as a trusted partner.”
Michael Howo, President and Chief Executive Officer of Maury stated “dBm is widely recognized as a leader in SATCOM link emulation. This directly supports our vision of an interconnected world where wireless technologies are reliable and efficient. We look forward to leveraging both companies’ technical competencies and resources to accelerate development and extend our market reach to help our customers build better products thereby ensuring reliable and efficient satellite communications.”
Maury Microwave (www.maurymw.com) designs and manufactures state-of-the-art RF measurement and interconnect solutions that enable the world’s leading wireless communication technologies and networks to get better, faster, and stronger.
Artemis Capital Partners (www.artemislp.com) is a specialized private equity firm focused on acquiring and partnering with differentiated Industrial Tech companies, whose people and products enable and accelerate a healthier, safer, more connected, mobile, productive, and equitable world.
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 $20 to $500 million.
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