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May 14 2025

KippsDeSanto & Co. advises Narda-MITEQ, a portfolio company of investment affiliates of J.F. Lehman & Co., on its sale to Amphenol

KippsDeSanto & Co. is pleased to announce the sale of its client, Narda AcquisitionCo., Inc. (“Narda-MITEQ” or the “Company”), a portfolio company of J.F. Lehman & Co. (“JFLCO”) to Amphenol (NYSE: APH).

Narda-MITEQ is a leading global designer and manufacturer of advanced radiofrequency (“RF”) and microwave components and subsystems for defense and commercial end markets. The Company offers an expansive portfolio of proprietary RF / microwave products, including complex integrated microwave assemblies; components, such as low noise amplifiers, mixers, frequency converters, couplers and dividers, among others; and electromagnetic test and measurement monitors. Narda-MITEQ’s highly engineered solutions and reputation for product quality and performance have entrenched the business on numerous long-standing, enduring defense programs of record that require high reliability performance in the harshest operating environments across a variety of electronic warfare, signals intelligence, radar, communications, and test and measurement applications. The acquisition underscores the growing demand for mission-critical solutions that deliver durability, reliability, and high performance in order to meet the stringent requirements of land, sea, air, and space operations. By addressing the evolving needs of next-generation military and commercial platforms, the addition of Narda-MITEQ enables Amphenol to further strengthen its position as a leading provider of RF and microwave technologies.

We believe this transaction highlights several key trends in the M&A market:

• Continued interest in acquiring specialized RF / microwave suppliers to broaden vertical integration capabilities and enhance competitiveness in defense, space, and high reliability end markets;

• Ongoing consolidation among tier 3 and 4 suppliers within the aerospace and defense value chain, as strategic acquirers seek access to differentiated technologies and aim to diversify end-market exposure; and

• Heightened investor interest in businesses aligned with mission-critical defense applications and multi-faceted DoD modernization initiatives

KippsDeSanto & Co. is pleased to announce the sale of its client, Narda AcquisitionCo., Inc. (“Narda-MITEQ” or the “Company”), a portfolio company of J.F. Lehman & Co. (“JFLCO”) to Amphenol (NYSE: APH).

Narda-MITEQ is a leading global designer and manufacturer of advanced radiofrequency (“RF”) and microwave components and subsystems for defense and commercial end markets. The Company offers an expansive portfolio of proprietary RF / microwave products, including complex integrated microwave assemblies; components, such as low noise amplifiers, mixers, frequency converters, couplers and dividers, among others; and electromagnetic test and measurement monitors. Narda-MITEQ’s highly engineered solutions and reputation for product quality and performance have entrenched the business on numerous long-standing, enduring defense programs of record that require high reliability performance in the harshest operating environments across a variety of electronic warfare, signals intelligence, radar, communications, and test and measurement applications. The acquisition underscores the growing demand for mission-critical solutions that deliver durability, reliability, and high performance in order to meet the stringent requirements of land, sea, air, and space operations. By addressing the evolving needs of next-generation military and commercial platforms, the addition of Narda-MITEQ enables Amphenol to further strengthen its position as a leading provider of RF and microwave technologies.

We believe this transaction highlights several key trends in the M&A market:

• Continued interest in acquiring specialized RF / microwave suppliers to broaden vertical integration capabilities and enhance competitiveness in defense, space, and high reliability end markets;

• Ongoing consolidation among tier 3 and 4 suppliers within the aerospace and defense value chain, as strategic acquirers seek access to differentiated technologies and aim to diversify end-market exposure; and

• Heightened investor interest in businesses aligned with mission-critical defense applications and multi-faceted DoD modernization initiatives