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Quantic Electronics, a portfolio company of Arcline Investment Management, announced the acquisition of BEI Precision Systems & Space Company, Inc. from J.F. Lehman & Company. BEI Precision designs, engineers, and manufactures highly accurate, resilient, and reliable position feedback sensors and frequency reference technologies for mission-critical space, land, air, and sea applications. The Company's products are designed into many of the U.S. government's highest-priority, long-life programs.
"Our strategy is to acquire world-class, mission-critical electronic component manufacturers with significant long-term growth potential. BEI Precision's technology, products, and people fit perfectly with this approach," said Kevin Perhamus, President and CEO of Quantic Electronics. "This acquisition further establishes Quantic as a leading supplier of critical components for space, aerospace, and defense applications. BEI Precision brings more than 60 years of experience designing and manufacturing proprietary optical encoders, scanners, accelerometers, and frequency products. We're excited to partner with the BEI Precision team to continue building upon this heritage to offer new and exciting products to our shared customers."
Mark Mirelez, President and Chief Executive Officer of BEI Precision, commented, "Today's milestone is a validation of the market-leading position, operational excellence, and culture that we have worked tirelessly to achieve. We look forward to continuing to deliver on future growth opportunities with our new partners at Quantic Electronics."
Evercore served as financial advisor to Quantic.