BEI Precision Systems & Space Company, Inc. of Maumelle has been sold to Quantic Corporate Holdings, Inc., a portfolio company of Arcline Investment Management.
Terms of the transaction, which was announced in late August, were not disclosed.
BEI Precision was owned by J.F. Lehman & Co., a middle-market private equity firm focused on the defense, aerospace, maritime, government and environmental industries.
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. According to a news release, the company’s products are designed into many of the U.S. government’s highest priority, long-life programs.
Since 2017, BEI has integrated two strategic acquisitions, overhauled its research and development and business development functions, and optimized manufacturing operations.
“Today’s milestone is a validation of the market leading position, operational excellence, and culture that we have worked tirelessly to achieve,” said Mark Mirelez, President and Chief Executive Officer of BEI Precision.”
“We are extremely proud of the accomplishments Mark and his team achieved during our ownership,” added Will Hanenberg, a member of BEI Precision’s board of directors and J.F. Lehman & Co. “As a result of their efforts, BEI Precision is uniquely-suited to address the dynamic requirements of its demanding space and military customers, and we believe Quantic Electronics is the ideal partner to help guide the company through the next phase of its growth.”