Industry Week in Review – September 13, 2024
KippsDeSanto & Co. Industry Week in Review – September 13, 2024
Industry Week in Review – September 13, 2024
M&A Transactions
Argentum Group has made a strategic investment in L2 Consulting Services, Inc., a provider of comprehensive avionics services across a range of aviation products for aerospace, space, and defense markets. Terms of the transaction were not disclosed.
General Dynamics Information Technology (NYSE: GD) has acquired Iron EagleX., a provider of artificial intelligence / machine learning (“AI/ML”), cyber, software development, and cloud services for the Special Operations Forces and the Intelligence Community. Terms of the transaction were not disclosed.
Kirtland Capital Partners has acquired Actron Entities, Inc., a provider of precision metal products, assemblies, and contract manufacturing services for components and sub assemblies across aerospace and defense markets. Terms of the transaction were not disclosed.
Madison Dearborn Partners, LLC has acquired Harmonia Holdings Group, LLC, a provider of AI/ML, cybersecurity, cloud optimization, and data science and analytics solutions for private sector and U.S. federal government civil and defense markets. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Harmonia Holdings Group, LLC.
Renovus Capital has acquired QualX Corp., a provider of records and information management, digital transformation, and business process improvement services to private sector and U.S. federal government, civil, defense, and homeland security markets. Terms of the transaction were not disclosed.
Theon International plc (ENXTAM:THEON) has agreed to acquire a 60% majority stake in Harder Digital Sova doo (XBEL: HDSV), a provider of custom made Image Tubes and Gen I, Gen II, and Gen III Image intensifiers for private sector and international defense markets. The transaction is valued at $37.5 million.
