mynth
← DATABASE
09/2026

SPECTRUM CONTROL acquired by GREENBRIAR EQUITY GROUP

UNITED STATES Aerospace, Naval & Defense / Electronics EV 1b - 4b USD

Context

Greenbriar Equity Group agreed to buy Spectrum Control, the Pennsylvania maker of radio frequency and power management components, from AEA Investors in a deal announced on 29 September 2026, with Bloomberg reporting the value at ahead of the announcement. AEA had owned the business since May 2019, when it bought it from J.F. Lehman & Co., so the sale closes a holding period of about seven years and hands the company to another private equity owner. Greenbriar, which already counts Applied Aerospace & Defense among its portfolio companies, worked on the deal through managing director Noah Blitzer, while partner Vinay Kumar led the investment for AEA. Evercore and William Blair acted as financial advisors to Spectrum Control and AEA, with Fried Frank as legal counsel, and Kirkland & Ellis advised Greenbriar. Completion is expected by the first quarter of 2027, subject to regulatory approvals.

It is worth noting that the fund J F Lehman took control of Spectrum Control through an LBO in 2016.

-> Deep-dive in Industry & Manufacturing market trends

Target

Spectrum Control designs and manufactures radio frequency, microwave, microelectronic, electromagnetic and power management components and systems that control the electromagnetic spectrum in defence and government programmes. Built to operate in harsh environments, its products are developed with customer engineering teams from concept and prototype through to production and testing, and the company keeps design, sourcing and manufacturing in-house. Founded in 1963, it is based in Fairview, Pennsylvania, and also operates in the United Kingdom.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2026
2025

Other operations with SPECTRUM CONTROL

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
05/2019AEA INVESTORSSPECTRUM CONTROLUNITED STATESElectronics
02/2016J F LEHMANSPECTRUM CONTROLUNITED STATESElectronics

REFERENCES

Valuation range: EV 1b - 4b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SPECTRUM CONTROL by GREENBRIAR EQUITY GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: spectrum control

Acquirer: greenbriar equity group