July 20, 2015
Fair Lawn, NJ – United States Technologies, Inc. (“UST”), a portfolio company of Cornerstone Capital Holdings, announced today its purchase of Broadband Wireless, LLC (“Broadband”), a Reno, Nevada based company that specializes in the design, development and manufacture of state-of-the-art RF and Microwave Amplifiers used predominantly in the aerospace, defense, telecommunications, and medical industries.
Broadband will continue to operate as an independent subsidiary of UST, and the combined companies will work closely to provide customers with a full complement of design, engineering, repair, upgrade, testing and manufacturing services for military and commercial accounts.
“We are very happy to have Broadband Wireless become a part of U.S. Technologies, Inc.” says Gary Grutkowski, President of U.S. Technologies. “We are excited to combine forces with a company focused on the design and manufacture of high quality, cost effective RF and Microwave amplifiers. Together with the extensive services provided by UST, we are confident the combined company will allow for exceptional support and extended capabilities to all existing and new prospective customers.”
Jim McKee of Broadband Wireless adds “We are excited to become a part of UST and look forward to enhancing our production and R&D capabilities. UST will bring additional resources and know-how that will improve all areas of our operation.”
U.S. Technologies, Inc. is a leading provider of design, engineering, reverse engineering, manufacturing, repair, upgrades and testing of electronics subassemblies for both military and commercial customers worldwide. The company offers a full range of services to support legacy systems. Headquartered in Fair Lawn, NJ with a branch office in Marlborough, MA, UST has extensive industry experience including military, nuclear, medical, semiconductor/automation, transportation, industrial manufacturing and telecommunications. As a small privately owned company we pride ourselves on our ability to be truly reactive and focused on our customer needs as well as being ISO 9001:2008 certified.
Broadband Wireless, LLC provides innovative RF and Microwave Amplifiers using state-of-the-art technology, design development and manufacturing to commercial and military customers. With an extensive portfolio of existing products combined with the capability for custom designs, Broadband delivers high quality, cost effective amplifiers to meet customers’ stringent demands. Broadband has based its internal quality program on ISO 9000 standards and assembly is done to ANSI/IPC-610 standards.
Cornerstone Capital Holdings is a diversified holding company comprised of leading manufacturing and industrial service businesses. Cornerstone companies serve the aerospace, defense, space and various industrial markets from nine locations throughout the United States. Founded in 2000, Cornerstone has grown both organically and through multiple, targeted acquisitions.