Spectra A&D Holdings (Vance Street Capital) Acquires Galleon Embedded Computing AS

Vance Street Capital Forms Spectra A&D by Combining Calculex, Argon and FDS Avionics

February 18, 2021

Aerospace & Defense

Vance Street Capital has combined Calculex, Argon Corporation and FDS Avionics Corp into a new holding company, Spectra A&D Holdings, creating a diversified avionics and defense electronics platform. Industry veteran Bob McGill will lead Spectra as CEO; the transaction was financed with debt from Fidus Investment Corporation and represents Vance Street’s third platform investment from Fund III.

Alliance Technical Group Acquires ESC Spectrum

July 7, 2025

Environmental Services

Alliance Technical Group, a Morgan Stanley Capital Partners–backed environmental services platform, has acquired ESC Spectrum, a provider of Continuous Emissions Monitoring Systems (CEMS) and Data Acquisition Systems (DAS). The deal adds ESC Spectrum's software, hardware, and field-service capabilities to Alliance's nationwide compliance, stack testing, and laboratory services, accelerating Alliance's CEMS/DAS offering and scale.

HCI and Emerald Lake Invest in Pacific Defense; Pacific Defense Acquires Spectranetix and Invests in Perceptronics

January 1, 2020

Aerospace & Defense

HCI Equity Partners and Emerald Lake Capital Management are lead investors in a funding round for Pacific Defense, a newly formed defense-electronics platform led by Travis Slocumb. Pacific Defense has acquired Spectranetix (CMOSS/SOSA defense electronics) and made a minority investment in Perceptronics Solutions (AI/ML software) to expand its electronic warfare, communications, and signals-intelligence capabilities for U.S. defense customers.

AmpliTech Group Acquires Spectrum Semiconductor Materials

December 16, 2021

Logistics & Distribution

AmpliTech Group, Inc. (NASDAQ: AMPG) has executed a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials, Inc., a San Jose–based authorized distributor of semiconductor components. The deal (approximately $8.0M cash plus $1.5M escrow and restricted shares) nearly triples AmpliTech's revenue base, adds a global distribution platform and a record combined order backlog of $11.4M, and is intended to accelerate commercialization of AmpliTech's MMIC chip solutions.

SMART Global Holdings Acquires Artesyn Embedded Computing Business from Platinum Equity

July 9, 2019

Manufacturing

SMART Global Holdings (NASDAQ: SGH) acquired the Embedded Computing business of Artesyn Embedded Technologies from Platinum Equity for approximately $80 million in cash plus up to $10 million of performance-based consideration. The sale is a divestiture of Artesyn's Embedded Computing business (Artesyn has been a Platinum Equity portfolio company since 2013) and transfers a global supplier and manufacturer of embedded computing systems into the SMART portfolio.

Spectral Capital Acquires Quantomo OÜ to Bolster Quantum Search Capabilities

September 10, 2024

AI & Machine Learning

Spectral Capital Corporation (FCCN) has acquired Quantomo OÜ, a developer of quantum tomography and quantum-enhanced search algorithms, to accelerate its Quantum Bridge initiative and decentralized QaaS offerings. The deal (reported at approximately $7.9 million) brings Quantomo's quantum search technology into Spectral's stack to expand capabilities across search, healthcare, finance and energy verticals.