Industry: Telecom
Deal Type: Buyout
Status: Sold


In 1994, Andy Graham led the acquisition of Cushcraft Corporation. Cushcraft was a manufacturer of ham radio and RFID antennas.


Cushcraft was the leading manufacturer of ham radio antennas in the country. The ham radio market was profitable, yet declining. The company had recently developed a commercial product line and APG believed the company was poised to benefit from the greater use of wireless communication devices.


The market for the company’s commercial products developed more slowly than anticipated and did not meet forecast expectations during the APG investment period and was sold to a private equity firm. Within a few years of its sale, Cushcraft became one of the leading providers of wireless antennae and was sold to Laird Technologies.