Broadcast Electronics has a new full owner, someone familiar to BE staff and users.
IIC Acquisitions, founded by BE Vice President of Engineering Brian Lindemann, right, “has acquired all outstanding units and increased ownership in Broadcast Electronics to 100 percent,” the Illinois-based manufacturer announced in a statement.
According to previous RW reporting, BE was most recently owned by Denver-based investment group First City Crestone. Terms of the IIC acquisition were not announced.
Lindemann has been with BE for more than seven years and has been quoted in Radio World articles over time on topics such as SNMP for transmitter control and new products. In the new announcement, Lindemann was quoted highlighting the BE name and its familiar transmitter and automation software brands. “From the business view, we have had three terrific years and have had a great start in 2016.” He called the acquisition “a no-brainer for me.”
President/CEO Tom Beck was quoted, “BE has been owned by a number of private equity firms over the years and this is the right ownership direction at the perfect time as we look to the future.”
Lindemann has a background in design and development of high-tech communication products. BE says he holds eight patents and specializes in waveform generation with an emphasis on hardware/software co-design. Lindemann is also a Six Sigma Black Belt. According to a 2008 Radio World story, he held earlier stints at several firms, including Rockwell Collins and Honeywell.
This has been a time of change at BE. Longtime executive Tim Bealor recently retired. He told Radio World Engineering Extra recently, “BE is once again on solid ground as a company, with some exciting new products being introduced. … I think that the marketplace will be pleased with what they see in the near future.”
[Read our interview with Tim Bealor.]