Chimney Rock Equity Partners Acquires United Electronics Company

AUSTIN, Texas--(BUSINESS WIRE)--Chimney Rock Equity Partners, LLC (“Chimney Rock”), an Austin-based private equity firm, announced today that it has acquired United Electronics Company (“UEC” or the “Company”) – a full-service electronics design and manufacturing company that delivers high-performance mission-critical products across the defense, aerospace, and other industrial end markets – from Albion River. Terms of the transaction were not disclosed.

Headquartered in Charleston, South Carolina, UEC manufactures a suite of radio frequency (“RF”), circuit card assembly, and power and connectivity solutions that generate, amplify, transmit, and receive power and signals for a diverse set of systems. UEC’s products are typically components that are critical to the functionality of larger systems developed by military prime contractors, aerospace and satellite communications OEMs and other industrial manufacturers. UEC supports blue-chip customers across a broad set of next-generation and legacy platforms including military aircraft, ground vehicles, naval systems, space satellites and other industrial and telecom applications.

Robert Aikman, Partner at Chimney Rock, said, “UEC is a highly strategic platform in the aerospace and defense sector offering differentiated capabilities across the RF, circuit cards, and power storage & connectivity spectrum. The Company’s products sit at the core of many mission‑critical defense and communications systems, and its technical depth positions it to benefit from long‑term demand tailwinds. We are excited to partner with Matt Bakker and UEC team to scale the business through expanded customer relationships and strategic acquisitions that enhance the Company’s value.”

William Bishop, Partner at Chimney Rock, said, “UEC has been developed over decades through the combination of strong legacy businesses, creating the powerful foundation that exists today. Our investment in UEC capitalizes on Chimney Rock’s past experience in relevant sectors and is an attractive opportunity to build a mission‑critical, engineering‑driven platform that can provide considerable value for its customers. We look forward to supporting the organization with the resources, investment, and strategic focus needed to unlock its full potential.”

Matt Bakker, CEO of United Electronics Company, said, “UEC’s products play a vital role in the performance and reliability of some of the most important communications and power systems in the world. Our new partnership with Chimney Rock is an important endorsement of our team’s deep technical expertise and our exciting future as a standalone business. We are excited to partner with the Chimney Rock team to invest further in our capabilities, our people, and our customer relationships.”

Lincoln International served as financial advisor to the seller.

About Chimney Rock Equity Partners

Chimney Rock is a private equity investment firm focused on the North American lower middle market industrials sector that seeks platform opportunities specifically in the Aerospace & Defense, Industrial Products & Services, and Niche Products & Services end markets. Chimney Rock takes a thematic approach to investing where the firm can create value through a buy-and-build strategy as the first active capital. Chimney Rock seeks to deliver value by partnering with management teams to execute carefully planned and repeatable value creative strategies. For more information about Chimney Rock, please visit www.chimneyrockequity.com.