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| Company type | Private |
|---|---|
| Industry | Satellite Communications and Medical Equipment |
| Predecessor | Varian Associates |
| Founded | 1995 |
| Headquarters | , |
Key people | Andrew Ivers,[1]CEO |
| Products | SatelliteGround Stations, RF Electronics andRF Power Amplifier |
| Services | Vacuum tube repair |
| Revenue | $495 million (FY2018)[2] |
Number of employees | 2,000[2] |
| Website | http://www.cpii.com/ |
CPI International, Inc. is theholding company forCommunications & Power Industries, the largest[citation needed] manufacturer and rebuilder of electron devices (primarilyvacuum tubes) in theUnited States. CPI was founded in 1995[3] whenVarian Associates sold its electron device business (the original business of its founders) to concentrate on medical systems. Its major subsidiaries includeEimac (which manufactures new vacuum tubes for broadcasting, radar, medical systems, and other applications), Econco (a vacuum tube rebuilder), Beverly Microwave Systems, and Radant Technologies. CPI International made itsinitial public offering in April 2006.[4]
CPI's Econco division remanufactures Eimac andMachlett power tubes.
In February 2011, an affiliate of Veritas Capital, a private equity investment firm which invests in companies that provide critical products and services to governments worldwide, acquired CPI for approximately $525 million. CPI International ceased trading on The Nasdaq Stock Market.
In July 2017, Odyssey Investment Partners, LLC, a private equity investment firm, acquired CPI.[5]
In fiscal 2018, CPI employed approximately 2,000 people and generated approximately $492 million in sales.[2]
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