Sinclair Buys Dielectric Assets

Posted by Joe Zaller
Jun 18 2013

Not the typical type of M&A story we seen, but significant nonetheless.

Sinclair Broadcast Group, said today that it has entered into a definitive agreement to purchase the assets of Dielectric from SPX Corporation, for an “immaterial and leverage neutral purchase price.”

Maine-based Dielectric is the nation’s largest manufacturer of broadcast television, radio and wireless antennas, transmission lines, and RF systems.

Recently, Dielectric was abruptly shut down by parent company SPX, creating a critical shortage of transmission-related components just as US government plans for spectrum auctions and repacking were being finalized. According to many broadcasters, the continued availability of equipment produced by Dielectric is crucial to their ability to meet the government’ aggressive timetable for spectrum repacking.

Commenting on the transaction, David Smith, President and CEO of Sinclair stated, “Dielectric has supplied more than two-thirds of the TV industry’s high power antennas and its name is synonymous with expert engineering and quality products.  We feel fortunate to have this opportunity to acquire the Dielectric intellectual property and assets related to our most critical infrastructure.  This acquisition was a logical choice given our in-house RF engineering expertise and our ownership of Acrodyne Services, which installs and services broadcast transmitters and mobile DTV upgrades. Further, if and when a spectrum repack occurs, Dielectric will be there to support that effort.”

Dielectric will be operated as a wholly-owned subsidiary of Sinclair (Dielectric, LLC) with a management and operational team comprised of capable, experienced individuals drawn from the Dielectric staff.   Dielectric will maintain operations at their present facility in Raymond, Maine.



Related Content:

Press Release: Sinclair Broadcast Group Announces Agreement To Purchase The Assets Of Dielectric


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