Private equity firm Saothair Capital Partners LLC has completed the acquisition of transmitter manufacturer GatesAir through a newly-formed affiliate.
Saothair is a private investment firm focused exclusively on investing in middle-market manufacturing and industrial businesses. The company holds controlling equity investments in companies across various industries, including paper & packaging, plastics, metals processing, automotive, building products, healthcare-related products, food & beverage, and other manufacturing.
Barbara Spicek will continue to serve as President and Chief Executive Officer for GatesAir. She stated, “GatesAir’s 100-plus-year heritage represents more than longevity; it reflects an unwavering reliability that broadcasters depend on worldwide. 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.”
Saothair co-founder and Managing Partner Kevin Madden said, “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.”
Richard Lozyniak, Co-founder and Operating Partner of Saothair, added, “GatesAir has earned the trust of broadcasters worldwide through its customer-first culture and dependable solutions. We look forward to building on that foundation of trust while investing in the next phase of growth.”
McGuireWoods LLP provided legal counsel to Saothair on the transaction. GatesAir was represented by Akin Gump Strauss Hauer & Feld LLP for legal counsel and GLC Advisors, LLC as financial advisor.
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