Janes Capital Partners | News & Events

ETL Systems has acquired IRT Technologies

Written by Stephen Perry | 03/13/2025

Irvine, CA (March 11, 2025) – Janes Capital Partners served as financial co-advisor alongside Oaklins colleagues in Canada and the UK on the sale of IRT Technologies (“IRT”) to ETL Systems (“ETL”).

IRT Technologies (“IRT”) has been successfully acquired by ETL Systems (“ETL”), unlocking exciting opportunities for innovation and growth. This acquisition strengthens ETL’s satellite communications portfolio and expands its global presence, while allowing IRT Technologies to leverage ETL’s industry expertise and reach. IRT Technologies was established in 2011, is a Canadian company specializing in the satellite communication (SATCOM) industry. Known for its innovative approach to satellite radio frequency (RF) systems and products, IRT Technologies designs, develops and manufactures advanced solutions, including niche frequency converters and solid-state power amplifiers (SSPA).

ETL Systems (“ETL”), a portfolio company of CBPE Capital, designs and manufactures RF equipment for critical satellite communications, trusted by the top 20 satellite operators and teleports. The company’s comprehensive solutions, spanning from antennas to modems for uplink and downlink chains, position ETL as an industry leader. ETL also offers a range of instrumentation and measurement equipment for RF chain setup and testing.

Oaklins’ team in Canada was retained by the shareholders of IRT Technologies to facilitate the sale of their business to a strategic partner. The team acted as the sell-side financial advisor for this transaction. Oaklins Janes Capital in Irvine, USA, and Oaklins Evelyn Partners, one of Oaklins’ member firms in the UK, supported the transaction.

About IRT Technologies

IRT Technologies (www.irttechnologies.com), established in 2011, is a Canadian company specializing in the satellite communication industry. Known for its innovative approach to satellite radio frequency (RF) systems and products, IRT Technologies designs, develops and manufactures advanced solutions, including niche frequency converters and solid-state power amplifiers. Its products enable real-time voice, data and multimedia delivery anywhere in the world.  With a commitment to innovation and excellence, IRT Technologies serves global customers in defense, commercial, and industrial markets.

About ETL Systems

Based in the UK, ETL Systems (www.etlsystems.com) is a leader in RF signal distribution and amplification solutions for the satellite communications industry. With a strong reputation for engineering excellence, ETL Systems provides cutting-edge RF solutions to customers worldwide, enabling seamless satellite connectivity across various applications.

About Janes Capital Partners

Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $6.0 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.

Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.