Chimney Rock Equity Partners has acquired United Electronics Company, a provider of mission-critical electronics solutions serving defense, aerospace, and industrial markets, from Albion River, according to an official company announcement. Financial terms of the transaction were not disclosed.
Headquartered in Charleston, South Carolina, United Electronics Company specializes in radio frequency systems, circuit card assembly, and power and connectivity solutions. Its products are core components embedded within larger platforms developed by military contractors, aerospace and satellite communications manufacturers, and industrial OEMs. The company supports a wide range of applications including military aircraft, ground vehicles, naval systems, and space satellites.
The acquisition positions Chimney Rock to expand its presence in the aerospace and defense sector by building on UEC’s engineering capabilities and long standing customer relationships. The firm indicated it plans to pursue growth through both organic expansion and strategic acquisitions.
UEC has been built through the integration of multiple legacy businesses over several decades, creating a diversified platform with deep technical expertise across critical electronics systems. The company’s products are essential to enabling the generation, amplification, transmission, and reception of power and signals across mission critical applications.
Lincoln International served as financial advisor to the seller in the transaction.
KEY QUOTES:
“UEC is a highly strategic platform in the aerospace and defense sector offering differentiated capabilities across the RF, circuit cards, and power storage & connectivity spectrum. The Company’s products sit at the core of many mission-critical defense and communications systems, and its technical depth positions it to benefit from long-term demand tailwinds. We are excited to partner with Matt Bakker and UEC team to scale the business through expanded customer relationships and strategic acquisitions that enhance the Company’s value.”
Robert Aikman, Partner at Chimney Rock Equity Partners
“UEC has been developed over decades through the combination of strong legacy businesses, creating the powerful foundation that exists today. Our investment in UEC capitalizes on Chimney Rock’s past experience in relevant sectors and is an attractive opportunity to build a mission-critical, engineering-driven platform that can provide considerable value for its customers. We look forward to supporting the organization with the resources, investment, and strategic focus needed to unlock its full potential.”
William Bishop, Partner at Chimney Rock Equity Partners
“UEC’s products play a vital role in the performance and reliability of some of the most important communications and power systems in the world. Our new partnership with Chimney Rock is an important endorsement of our team’s deep technical expertise and our exciting future as a standalone business. We are excited to partner with the Chimney Rock team to invest further in our capabilities, our people, and our customer relationships.”
Matt Bakker, CEO of United Electronics Company
