Exclusive financial advisor to Empower RF Systems, Inc.
KPMG Corporate Finance LLC acted as exclusive financial advisor to Empower RF Systems, Inc.
KPMG Corporate Finance LLC (“KPMG CF”) is pleased to announce the merger of Empower RF Systems, Inc. (“Empower RF” or the “Company”), a portfolio company of Summit Partners (“Summit”), with Antenna Research Associates (“ARA”), a portfolio company of OceanSound Partners (“OceanSound” or “OSP”).
Why KPMG Corporate Finance
KPMG CF successfully navigated complex deep-tech aerospace and defense landscapes and leveraged longstanding relationships across the RF and defense electronics ecosystem to deliver high-impact results and premium valuation with a highly favorable deal structure. Recognizing ARA as the ideal strategic partner, KPMG CF ensured a strong cultural and strategic fit that aligns with Empower RF’s long-term vision for growth and innovation and positioning the company to realize its full commercial potential. The combination strengthens the company’s strategy to build an integrated RF and communications platform, combining ARA’s antenna expertise with Empower RF’s high-power amplification capabilities. This marks the team’s sixth transaction in the high-performance RF and microwave space, further demonstrating its deep expertise and established track record in this specialized market.
About Empower RF
Established in 1999, Empower RF Systems is an established developer and manufacturer of high-power solid-state RF and microwave amplifier modules and systems for the aerospace and defense end markets. The company's modules and air- and liquid-cooled systems cover HF through X-band, delivering high power density and intelligent control to operators across SATCOM, electronic warfare, counter-UAS, threat simulation, and radar missions. In-house amplifier design, top-level assembly, and test at Empower RF’s Inglewood, California headquarters, supported by a design center in Syracuse, New York, allow the company to move from requirement to field capability at mission speed.
About Summit Partners
Summit Partners is a global growth equity firm that invests across growth sectors of the economy and, since the firm’s founding in 1984, has invested in more than 550 companies in technology, healthcare, and other growth industries. Summit maintains offices in North America and Europe and seeks to invest in category-leading, profitable growth companies worldwide.
About Antenna Research Associates
Established in 1963, ARA is an experienced provider of integrated radio frequency and advanced communications solutions, including components, assemblies, and subsystems, to the aerospace and defense end markets. The company specializes in antennas and apertures engineered for size-, weight-, power- and cost-constrained environments, supporting airborne sensing and identification, tactical communications, radar, and SATCOM missions. In-house design, instrumented antenna test ranges, and production capability at ARA’s Laurel, Maryland facilities allow the company to move from requirement to qualified hardware at program speed.
About OceanSound Partners
OceanSound Partners is a private equity firm that pursues investments in technology and technology-enabled services companies serving aerospace, defense, government, and highly regulated end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to support their strategic growth objectives. The firm has offices in New York, West Palm Beach, and Buenos Aires.
KPMG Corporate Finance
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 25 years.
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