Industry Week in Review – August 4, 2022
KippsDeSanto & Co. Industry Week in Review – August 4, 2022
Industry Week in Review – August 4, 2022
M&A Transactions
By Light Professional IT Services, LLC, a portfolio company of Sagewind Capital, LLC, has acquired Veraxx Engineering Corp., a provider of full life cycle support, development, and enhancement of flight simulation training devices and exercises for private sector and U.S. federal government defense markets. Terms of this transaction were not disclosed.
CIS Secure Computing, Inc., a portfolio company of Hammond, Kennedy, Whitney & Co., Inc. (“HKW”), has acquired Intrepid Solutions and Services, LLC, a portfolio company of Bluestone Investment Partners, LLC and provider of enterprise IT, data analysis, and operational training services to U.S. federal government defense and intelligence markets. Terms of this transaction were not disclosed.
Flashpoint, a portfolio company of Audax Private Equity, has acquired Echosec Systems Ltd., provider of open-source intelligence (“OSINT”) and publicly available information (“PAI”) for national security, public safety, and enterprise customers. Terms of this transaction were not disclosed.
Leidos Holdings, Inc. (NYSE:LDOS) has acquired Cobham NAS Pty. Ltd., a subsidiary of Cobham Ltd. and provider of specialist aerospace services to government, defense, and civil agencies in Australia and the Asia Pacific. Terms of the transaction were not disclosed.
Slingshot Aerospace, Inc. has acquired Seradata Ltd., a provider of launch, satellite database, and space market analysis solutions for private sector, U.S. federal, and international government aerospace and defense markets. Terms of the transaction were not disclosed.
Slingshot Aerospace, Inc. has acquired the Space Domain Awareness Division of Numerica Corp., a provider of proprietary sensors and software comprising more than 150 sensors including 30 telescopes across 20 locations around the globe with advanced data processing capabilities. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Numerica Corp.
TRM Equity has acquired Wellman Dynamics Corp., a portfolio company of Trive Capital Holdings and provider of aluminum and magnesium sand castings for military and commercial applications. Terms of the transaction were not disclosed.
