Commercial Microwave Technology, Inc.

Description: Founded in 1997, CMT had developed an excellent reputation among many Fortune 100 companies as being a sole source supplier of custom filters for use in a variety of applications, including satellites, surveillance, remote metering and interference mitigation.   With the majority shareholder looking to retire but wanting to provide a platform for continued growth of the company, he engaged Barnard/Montague to exclusively represent the Company in a sale process. Barnard/Montague approached a carefully selected universe of strategic buyers to conduct a competitive auction process.  The sale to API was completed in only 22 days after reaching agreement on terms, requiring tremendous coordination among all parties.