Arotech Corporation's Advanced Electronics Division Acquires UST-Aldetec

AMETEK Acquires United Electronic Industries

September 6, 2023

Aerospace & Defense

AMETEK, Inc. has acquired United Electronic Industries (UEI), a Norwood, Massachusetts–based designer and manufacturer of data acquisition, test, measurement and control solutions. UEI will join AMETEK's Electronic Instruments Group to expand the company's capabilities in data acquisition and testing across aerospace, defense, energy and semiconductor end markets.

StenTech Acquires Advanced Tooling Design (ATD)

January 19, 2023

Manufacturing

StenTech, a portfolio company of Align Capital Partners, has acquired Advanced Tooling Design, Inc. (ATD), a San Jose-based designer and manufacturer of SMT stencils, pallets, tooling and related accessories. The add-on expands StenTech’s facility footprint into California and strengthens its manufacturing capabilities and access to Silicon Valley customers.

UST Acquires Accrete Hitech Solutions

February 3, 2022

IT Services

UST, a digital transformation and product engineering services provider, has acquired Accrete Hitech Solutions, a consulting and outsourcing firm focused on hi-tech, semiconductor, and networking engineering and IT services. The deal expands UST's digital product engineering capabilities and adds Accrete's engineering talent and regional delivery footprint (U.S., India, Singapore) to UST's global portfolio.

Arotech's Advanced Electronics Division Acquires Advance Circuit Technology

January 11, 2022

Manufacturing

The Arotech Corporation's Advanced Electronics Division (AED) has acquired Advance Circuit Technology (ACT), a privately held printed circuit board and microelectronic assemblies company based in Rochester, New York. The acquisition expands AED's electronics manufacturing service capabilities and operational capacity to support growing demand from defense, communications, and medical customers; Greenwich Capital Group (GCG) served as advisor to Arotech on the transaction.

Arotech (ATSD) Acquires Inter-Coastal Electronics

February 24, 2020

Aerospace & Defense

Arotech Corporation's Training and Simulation Division (ATSD), a portfolio company of Greenbriar Equity Group, has acquired Inter-Coastal Electronics, Inc. (ICE), a Mesa, Arizona–based designer and manufacturer of live training and test instrumentation systems. The acquisition adds vertically integrated manufacturing capability and expands ATSD's aviation training solutions, with ICE joining ATSD's FAAC business unit; ICE's president Shawn Kirkpatrick will remain in his role.

Gentherm Acquires Etratech Enterprises

November 8, 2017

Manufacturing

Gentherm Incorporated acquired Etratech Enterprises, Inc., a Burlington, Ontario–based designer and manufacturer of advanced electronic controls and systems, from Etratech shareholders (including minority investor The Shotgun Fund). Etratech, which employs more than 400 people and had estimated revenues of CAD 77 million (about US$61 million) trailing-12-months, was purchased for US$64 million (~8.5x trailing EBITDA).