J.F. Lehman sells API to AEA Investors

AEA Investors has acquired Marlborough, Massachusetts-based API Technologies, a maker of high-performance components and subsystems for demanding RF/microwave and electromagnetic spectrum management applications. The seller was J.F. Lehman. No financial terms were disclosed. Evercore Group LLC and Houlihan Lokey Capital Inc served as financial advisers to J.F. Lehman on the transaction with Blank Rome serving as lead legal counsel.

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