Industry Week in Review – November 22, 2024
KippsDeSanto & Co. Industry Week in Review – November 22, 2024
Industry Week in Review – November 22, 2024
M&A Transactions
AeroVironment, Inc. (NASDAQ: AVAV) has agreed to acquire BlueHalo, LLC, a portfolio company of Arlington Capital Partners and provider of advanced engineering products — such as autonomous systems, test instruments, laser weapons, rate sensors and extended reality products — and services in the areas of Space, Autonomous Systems, Electronic Warfare & Cyber, and Artificial Intelligence. The transaction is valued at $4.1 billion.
Artemis Capital Partners has acquired Diamond Antenna & Microwave Corp., a provider of radio-frequency (“RF”) rotary joints and rotating subsystems for the private sector and U.S. federal government aerospace, defense, land systems, naval, and space exploration markets. Terms of the transaction were not disclosed.
CoreStack has acquired Karthik Consulting, LLC, a provider of cloud and cyber security, DevSecOps, and IT Systems integration for the private sector and U.S. federal government, civil, defense, and emergency management markets. Terms of the transaction were not disclosed.
Molex, LLC, a subsidiary of Koch Industries, Inc., has agreed to acquire AirBorn Interconnect, Inc., a provider of proprietary, mission-critical products, including electronic interconnects, flexible circuit boards, cable assemblies, electronic assemblies and power supplies enabling systems to work in the harshest environments. Terms of the transaction were not disclosed.
Tex Tech Industries, Inc., a portfolio company of Arlington Capital Partners, has agreed to acquire Fiber Materials, Inc., a subsidiary of Spirit Aerosystems, Inc. and provider of high-temperature materials and reinforced composites for critical defense and space applications. The transaction is valued at $165 million.
Triton has agreed to acquire MacGregor Group AB, a subsidiary of Cargotec Corporation (HLSE: CGCBV) and provider of cargo and load-handling equipment intended to serve offshore and marine industries. The transaction is valued at $508 million.
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