Sperry Mitchell Advises Wenzel Associates On Its Sale to BEI Precision
New York, NY (October 22, 2019) – Wenzel Associates, Inc. (“Wenzel”) of Austin, TX has been acquired by BEI Precision Systems & Space Company, Inc. (“BEI Precision”) of Maumelle, AR, a portfolio company of J.F. Lehman & Company. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to Wenzel.
Wenzel Associates, Inc. (www.wenzel.com) is a leading designer and manufacturer of crystal oscillators, fixed frequency systems, integrated microwave assemblies, and synthesizers for military, space, and commercial markets. Since 1978, Wenzel has defined the state-of-the-art in ultra-low phase noise crystal oscillators, manufacturing products that are capable of highly reliable and precise performance in extreme environments. Wenzel’s Croven Crystals Division in Whitby, Ontario, supplies precision quartz resonators with extremely low noise and low sensitivity to vibration.
BEI Precision Systems & Space Company, Inc. (www.beiprecision.com) is a leader in high-accuracy positioning sensor technologies, providing advanced design, manufacturing, and testing for reliable and resilient products & systems. BEI Precision’s core product lines, which are used primarily in mission-critical defense and space applications, include optical encoder-based and resolver-based positioning systems, scanners for situational awareness requirements, and precision accelerometers. BEI Precision is headquartered in Maumelle, AR with an operating subsidiary in Edinburgh, Scotland and has a longstanding track record of technological innovation, with corporate roots dating back to 1862.
J.F. Lehman & Company (www.jflpartners.com) is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors. The firm has offices in New York and Washington D.C.
Sperry, Mitchell & Company (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, with values ranging from $10 to $450 million.
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