December 1, 2016
Fair Lawn, NJ – United States Technologies, Inc. (“UST”), a portfolio company of Cornerstone Capital Holdings, announced today its purchase of Aldetec, Inc. (“Aldetec”), a Sacramento, California based company that specializes in the design, engineering, development, testing and manufacture of state-of-the-art, customized RF and Microwave Amplifiers, Up/Down Converters, Modulators, DLVA’s, Synthesizers from 20MHz to 40 GHz used in the Military/Defense, Telecommunications and Space industries.
Aldetec’s RF/Microwave business is highly complementary to UST’s product and services portfolio and strengthens UST’s entrance into higher frequency, integrated complex RF/Microwave assemblies. The purchase of Aldetec, Inc. combined with the recent acquisition of Broadband Wireless, LLC creates a dynamic and synergistic alliance of resources to provide customers with a full complement of RF/Microwave design expertise, engineering and manufacturing services for military/defense, space and commercial business segments. The newly formed RF/Microwave Group will be led by Jeffrey Russ, RF/Microwave Group President,who will oversee all activity for growth and profitability.
Commenting on this transaction, Gary Grutkowski, President of UST stated, “This transaction accelerates and dramatically expands our market presence for the design and manufacturing of high quality, cost-effective RF and Microwave components. Adding to our business product offering and portfolio is the capability to provide Hi-Rel space Transceivers, Power Amplifiers and Control products. This is an exciting day for UST, and we are pleased to be joining forces with Aldetec.” Gary adds “This acquisition will create an industry leader with the scale, customer relationships, innovative product and technology to drive exceptional growth and a clear path forward towards success.”
Jeffrey Russ, RF/Microwave Group President, added “We are very pleased to be part of the UST/Broadband family and look forward to the strategic expertise each company provides. The potential for design between the organizations is very exciting and provides a whole new realm of support for existing and new customers. Aldetec has always considered itself an extension of our customer’s engineering departments by providing unsurpassed personal support in new designs. Now that we have teamed with UST and Broadband Wireless, the possibilities seem limitless.”
About United States Technologies, Inc
US Technologies, Inc. is a leading provider of design, engineering, reverse engineering, manufacturing, repair, upgrades and testing of electronics subassemblies for military and commercial customers worldwide. The company offers a full range of services to support legacy systems for sustainability along with operations and full service program management to ensure compliance, while meeting the requirements of our customer. Headquartered in Fair Lawn, NJ, UST has extensive industry experience including military, nuclear, medical, semiconductor, transportation, industrial manufacturing and telecommunications. As a small privately owned ISO is 9001: 2008 company we pride ourselves on our ability to be truly reactive and focused on our customer needs.
About Aldetec, Inc.
Aldetec provides innovative RF and Microwave Components using Chip and Wire technology, design development and manufacturing for military/space applications where stringent requirements in designs are necessary. With an extensive portfolio of existing products combined with the capability for custom designs, Aldetec delivers high quality, cost effective products to meet customers’ strict performance demands. Headquartered in Sacramento, California, the facility has ESD protected manufacturing and assembly areas and a dedicated space center with a class 2 clean room. Supplying complete engineering, design and manufacturing support for complex RF and Mechanical requirements, Aldetec’s key to success is providing a superior quality product with a focus on customer commitment from concept through delivery. Aldetec is ISO 9001:2008 certified and is currently working towards AS9100 certification.
About Cornerstone Capital Holdings
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 twelve locations throughout North America. Founded in 2000, Cornerstone has grown both organically and through multiple, targeted acquisitions.