GatesAir has been acquired by Saothair Capital Partners, a private equity firm focused exclusively on investing in middle-market manufacturing and industrial companies.
Financial details of the acquisition have not been announced.
Barbara Spicek will continue to serve as President and chief executive officer of GatesAir following the acquisition.
Speaking about the deal, she said: “Saothair’s partnership empowers us to accelerate innovation, bolster customer support, expand our market leadership, and deliver the breakthrough technologies that will define the future of over-the-air content delivery.”
Kevin Madden, co-founder and managing partner of Saothair, added, “GatesAir holds a strong and enduring position in the global broadcast industry, built on a century of innovation and reliability. We are excited to partner with Barbara and her talented team to further scale the business, broaden its geographic presence, and expand its portfolio of turnkey broadcast and communications solutions.”
