Austin-based Chimney Rock Equity Partners has acquired United Electronics Company, a Charleston-based manufacturer of radio frequency products. The deal, revealed by PE Hub, brings under one roof UEC's expertise in circuit card assembly and power systems for military aircraft, ground vehicles, naval systems, and space satellites.

UEC specializes in products that generate, amplify, transmit, and receive power and signals for legacy platforms. The company's portfolio includes connectivity solutions critical to maintaining aging military fleets, from fighter jets to ground-based vehicles. This acquisition positions Chimney Rock to capitalize on sustained defense spending and modernization efforts.

The strategic rationale appears clear: UEC's niche capabilities in radio frequency technology complement Chimney Rock's investment thesis in specialized manufacturing. As defense contractors face mounting pressure to upgrade aging systems while maintaining operational readiness, UEC's products remain essential. This deal reflects broader industry trends of private equity consolidating specialized defense suppliers.