Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client M Wave Design Corporation to Quantic Electronics (a portfolio company of Arcline Investment Management LP). The acquisition closed May 9, 2024.

Founded in 1988, and located in Simi Valley, California, M Wave Design Corporation (M Wave) designs and manufactures passive waveguide and coaxial components, including isolators, circulators, adapters and terminations. The Company has a long history of supporting leading-edge development in high power and low loss passive designs. M Wave’s product portfolio is uniquely positioned to supply components that perform at cryogenic temperatures used in quantum computing and defense applications.

Quantic Electronics (Quantic), headquartered in Providence, Rhode Island, with multiple locations throughout the world, is an electronic component company focused on defining and delivering the future of mission-critical electronics. Quantic has over a century of combined experience as reliable problem-solvers and trusted partners in military, aerospace, industrial and commercial markets.

Arcline Investment Management (Arcline) headquartered in Nashville, Tennessee, is a growth-oriented private equity firm with $8.9 billion in cumulative capital commitments. Arcline seeks to invest in technology driven, meaningful to the world industrial businesses, that enable a better future.

“We are delighted to add M Wave to the Quantic portfolio of businesses,” said Ross Sealfon, Chief Executive Officer, Quantic Electronics. “The M Wave product portfolio perfectly complements our current product line up. Additionally, M Wave’s deep expertise in quantum computing and long history supporting military and space programs further enhances our ability to solve our customers’ difficult design challenges.”

“We have proudly served the RF and Microwave industry for almost forty years,” said Ken Boswell, Chief Executive Officer, M Wave Design. “As part of Quantic, we are excited to further advance our product, technology, and growth goals to better support our customers.”

Generational Group Executive Managing Director, M&A – Western Region, Lori Galloway, and her team led by Managing Director, M&A, Mike Meredith, with the support of Senior Vice President, M&A, Amy Wall successfully closed the transaction. Senior Managing Director, Ashok Tandon established the initial relationship with M Wave.

“M Wave Design’s expertise will merge well with Quantic Electronics vast knowledge of the industry,” said Meredith.

About Generational Group

Generational Group, headquartered in Dallas, is a leading, award winning, full-service business advisory firm. With more than 350 professionals located throughout 17 offices in North America, the company helps business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.

For more information visit https://generational.com/.

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