OceanSound Partners Acquires Antenna Research Associates, a Leading Provider of Integrated Radio Frequency & Advanced Communications Solutions
LAUREL, Md. & NEW YORK – OCTOBER 29, 2024 – OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services businesses serving government and highly-regulated enterprise end-markets, today announced the completion of its acquisition of Antenna Research Associates, Inc. (“ARA” or the “Company”), a leading provider of integrated radio frequency (“RF”) and advanced communications products to the aerospace and defense (“A&D”) end-markets. ARA’s management team, led by CEO Logen Thiran, will continue in their operational roles and as investors in the Company. Financial terms of the transaction were not disclosed.
Founded in 1963, ARA enables the U.S. Department of Defense and other national security-focused customers to modernize legacy platforms and deploy next-generation systems that enhance situational awareness, threat detection, and advanced communication capabilities. The Company leverages its over 60-year heritage in electromagnetic spectrum expertise, combined with scaled innovation, engineering, manufacturing, and testing infrastructure to design, develop, and deploy advanced antennas and other mission-critical RF solutions across several use cases, including Communications, Tactical RF, and Radar-Critical Subsystems. ARA’s core differentiation lies in its ability to leverage active electronically scanned array (“AESA”) technology applied in size-, weight-, power-, and cost-constrained applications.
“ARA’s comprehensive RF solutions portfolio is well positioned to address critical U.S. Department of Defense priorities such as the modernization of legacy technology systems and development of lower-cost and high performance unmanned aerial systems (“UAS”) and counter UAS solutions to better manage threats from U.S. adversaries,” said Joe Benavides, Managing Partner of OceanSound. “Since its founding in 1963, ARA has developed a portfolio of over 50 patents used in the delivery of differentiated RF systems and, more recently, innovative products leveraging small form-factor AESA technology to become a leading provider of RF solutions to the A&D market. ARA’s ability to miniaturize their products enables the development of small, low cost, higher-volume platforms such as drones, low earth orbit satellites, man portable communications and other mobile A&D platforms.”
“We are at an important inflection point in ARA’s development and are thrilled to partner with OceanSound, whose expertise in the A&D technology market will be invaluable, to accelerate ARA’s growth and strategic transformation primarily focused on making complimentary investments in and acquisitions of technology solutions,” said Thiran. “As the defense industry continues to demand advanced, low-cost technologies, our team is focused on building sustainable partnerships with customers to develop and deploy cost competitive, high-performance technologies to address the rapidly evolving requirements of the Department of Defense. OceanSound’s partnership approach will enable us to continue fielding innovative solutions leveraging the RF spectrum to better serve the needs of the market.”
“We are excited to partner with Logen and the current management team who have deliberately transformed ARA through targeted acquisitions of technology capabilities and then cross-selling the resulting differentiated solutions portfolio to higher value A&D programs,” said Jeff Kelly, Partner at OceanSound. “ARA’s long history of innovation and its reputation as a trusted technology partner to A&D customers positions the company well to meet the increasing demand to modernize our country’s defense posture. We will work closely with ARA’s management team to enhance the Company’s RF capabilities and customer relationships, that, together with additional strategic acquisitions, will enable ARA to deliver a more complete portfolio of advanced technologies to the A&D market.”
Gibson, Dunn & Crutcher LLP served as legal advisor to OceanSound. Raymond James & Associates, Inc. and Akerman LLP served as financial and legal advisors, respectively, to ARA.
About Antenna Research Associates
Established in 1963, ARA is a leading provider of integrated RF and advanced communications products, including components, assemblies and subsystems, to the aerospace and defense end-markets. ARA maintains deep specialization and differentiation in active electronically scanned array antenna capabilities utilized in size-, weight-, power-, and cost-constrained environments. ARA was founded in 1963 and is based in Laurel, Maryland. For more information, please visit https://ara-inc.com/.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and highly regulated enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, please visit www.oceansoundpartners.com.