DURHAM – March 19, 2019 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to Nuvotronics, Inc. (“Nuvotronics”) on its sale to Cubic Corporation (“Cubic”).
Nuvotronics is a Durham, North Carolina-based innovator and manufacturer of radio frequency (“RF”) components. The Company utilizes its proprietary PolyStrata® additive manufacturing process and proprietary materials to manufacture and sell millimeter-wave and other RF products that offer substantially higher performance than other products on the market at a fraction of the size and weight. Nuvotronics’ products are built for high performance applications, such as satellite communications, radar, communications, electronic warfare, intelligence, surveillance, and reconnaissance, as well as commercial applications like 5G cellular communications and test & measurement.
Cubic Corporation is the parent company of Cubic Transportation Systems, Cubic Global Defense, and Cubic Mission Solutions. Through its three divisions, Cubic’s technologies power training solutions for the US military and their alliances, integrated payment and information solutions for transportation agencies around the world, and secure networked communications and intelligence analysis and sharing solutions for the US government.
Nuvotronics will be integrated with Cubic Mission Solutions (“CMS”), which provides networked command, control, communication, computers, intelligence, surveillance and reconnaissance (“C4ISR”) capabilities for defense, intelligence, security and commercial missions.
“This transaction leveraged Mooreland’s core expertise in wireless technologies and strength as an advisor to industrial technology companies, and we are delighted to have played a key role in optimizing value for the Company and its shareholders,” said Charlie Bullock, Managing Director at Mooreland Partners.