MARLBOROUGH, Mass., May 9, 2019 /PRNewswire/ -- API Technologies Corp. ("API"), a leading provider of high performance RF and microwave signal conditioning and electromagnetic spectrum management solutions, announced that it has been acquired by an affiliate of AEA Investors LP.
API Technologies and its approximately 1,700 employees operate from manufacturing facilities in the United States, Canada, Mexico and the United Kingdom. For 70 years, API's innovative solutions have delivered advanced capabilities primarily for aerospace, defense, space, and government as well as other industrial applications including telecom, medical and energy.
"API is a strong partner to our industry-leading customers, who rely on our innovation and expertise for critical solutions," said API CEO Bob Tavares. "We believe that API's market position and potential will create long lasting value and we look forward to partnering with AEA."
About AEA Investors
AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets. AEA's active individual investors include an extraordinary network of more than 75 of the world's leading industrial families, business executives and former government leaders. Today, AEA's approximately 75 investment professionals operate globally with offices in New York, Connecticut, London, Munich and Shanghai. The firm manages funds that have over $15 billion of invested and committed capital including the leveraged buyouts of middle market companies and smaller businesses and mezzanine and senior debt investments. AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer / retail and services.
SOURCE API Technologies Corp.