Veritas Buys CPI

Veritas Capital completed its acquisition of communications and power technology provider CPI International this month. From their press release:

“CPI is a respected leader in the defense and commercial markets it serves, and it has a deep catalog of vital, dependable technology,” said Robert B. McKeon, founder, chairman and managing partner of Veritas Capital. “CPI is an excellent addition to Veritas Capital’s diverse portfolio of investments in companies that provide critical products and services to governments worldwide, and we look forward to working together to grow the company.”

“We are excited to become part of the Veritas Capital family,” said Joe Caldarelli, chief executive officer of CPI. “Under Veritas Capital’s auspices, we intend to maintain our focus on providing CPI’s customers with advanced technology and best-in-class service, and to work to broaden our product offerings and deepen our customer relationships.”