Veritas Capital has sold Continental Electronics Corporation, which specialises in the design, development, and manufacturing of digital and analogue radio frequency transmitter systems fo
Veritas Capital has sold Continental Electronics Corporation, which specialises in the design, development, and manufacturing of digital and analogue radio frequency transmitter systems for the global market, to Lone Star CRA Fund.
Houlihan Lokey Howard & Zukin acted as financial advisor to Continental Electronics. Financial terms of the transaction were not disclosed.
Founded in 1946, Dallas-based Continental Electronics is a global provider of broadcast transmitter equipment. It is a supplier of advanced radio frequency transmission technology and a designer and builder of the highest power radio broadcast equipment, providing a range of products for broadcasting, military and scientific applications. The firm’s products are used in more than 100 countries worldwide.
Founded in 1992 by Robert B. McKeon, Veritas Capital is a private equity firm headquartered in New York that invests primarily in companies specialising in outsourcing services to the US government.
The firm’s portfolio of companies has included DynCorp International, Vangent, Aeroflex, Integrated Defense Technologies, Athena Innovative Solutions and McNeil Technologies.
