Growing private equity-backed firm adds two more companies
Quantic, which acquired NH’s TRM Microwave in January, contines to expand
A private equity-backed firm that in January was born with the acquisition of TRM Microwave of Bedford and two other companies, is continuing to grow with the purchase of two more manufacturers that work in the microwave technology industry.
Quantic Electronics, a portfolio company of San Francisco-based private equity firm Arcline Investment Management, recently announced its acquisition of Planar Monolithics Industries of Frederick, Md. That firm, develops hybrid monolithic microwave integrated circuit components and subsystems, which modify the amplification of microwaves used in a range of technology industries. It also has acquired Corry Micronics, a Warrendale, Pa., a firm that specializes in microwave components and subsystems for broadband applications.
Quantic was formed in January after acquiring and then merging TRM with Evans Capacitor Company of East Providence, R.I., and Ohmega Technologies of Culver City, Calif., all of which are in the microwave technology business.
TRM, maker of custom radio frequency and microwave components, was founded in 1970 by Tony Tirollo, who was succeeded as CEO by his wife Wendy Tirollo after his death in May 2016. It recently opened a two-story addition to its Bedford headquarters.