GaAs Labs LLC has divested its portfolio company, Mission Microwave Technologies LLC, known for its advanced GaN-based amplifiers and upconverters for satellite communications, to an affiliate of the investment firm J.F. Lehman Company.
The sale marks a new chapter for Mission Microwave, which under the guidance of GaAs Labs’ John and Susan Ocampo, has seen substantial growth and expanded its product line to meet the demands of various applications across government and commercial sectors.
Mission is celebrated for its innovative power combining technology and system designs that deliver some of the most efficient and compact high-power solutions in the industry.
Legal advice was provided by Phillips Lytle, while KippsDeSanto & Co. acted as the financial advisor during the transaction.
“John and I are proud to have collaborated with the Mission team during the company’s extraordinary growth over the past five years. Mission’s commitment to its customers with innovative and differentiated product offerings has propelled its position as a market leader,” said Susan Ocampo, Manager and Co-Founder of GaAs Labs.
“We are committed to Mission’s continued success as they embark on their next phase of growth.”
Francis Auricchio, Co-Founder, President, and CEO of Mission, commented, “John Ocampo and GaAs Labs have been instrumental partners in helping Mission expand and evolve into a market leader. With the support of their deep technical expertise and operational experience, we have been able to accelerate our growth while advancing our products to serve the critical needs of our customer base. We thank GaAs Labs for their partnership as we continue to expand our market position under JFLCO’s sponsorship.”