OceanSound Partners Acquires Antenna Research Associates
November 4, 2024
OceanSound Partners completed the acquisition of Antenna Research Associates, Inc. (ARA), a Laurel, Maryland-based designer and manufacturer of antennas and RF systems for aerospace and defense markets. Gladstone Capital Corporation exited its equity investment and prepaid its debt; financial terms were not disclosed. ARA's management will remain in operational roles and as investors while OceanSound aims to accelerate growth, expand RF capabilities, and pursue complementary acquisitions.
- Buyers
- OceanSound Partners
- Targets
- Antenna Research Associates, Inc.
- Sellers
- Gladstone Capital Corporation
- Industry
- Aerospace & Defense
- Location
- Maryland, United States
- Transaction Type
- Buyout
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