Quantic Electronics, an Arcline Investment Management-backed company, has purchased Frederick, Maryland-based hybrid monolithic microwave integrated circuit manufacturer Planar Monolithics Industries for an undisclosed sum.
PMI said Monday it has supplied MIC/MMIC subsystems for aerospace, defense and consumer electronics applications for more than three decades.
Kevin Perhamus, president and CEO of Quantic, said the combined organization aims to develop mission-critical electronic products for various markets.
KippsDeSanto and Sperry, Mitchell & Co. served as the financial advisers to Quantic and PMI on the transaction, respectively.
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