KippsDeSanto & Co. advises EWA on its sale to Sigma Defense, a portfolio company of Sagewind Capital

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KippsDeSanto & Co. advises EWA on its sale to Sigma Defense, a portfolio company of Sagewind Capital

KippsDeSanto & Co. is pleased to announce the sale of Electronic Warfare Associates, Inc. (“EWA” or the “Company”) to Sigma Defense, a portfolio company of Sagewind Capital.

Headquartered in Herndon, VA, EWA is a leading provider of electronic warfare (“EW”) systems and solutions, including analysis, simulation and training, radio frequency threat simulators and custom instrumentation, signal analysis software, and embedded training hardware and software to Army, Air Force, Navy, Space Force and other U.S. National Security customers.

Founded in 1977, EWA has successfully developed and delivered a broad array of highly customizable EW capabilities that offer a comprehensive understanding of evolving threats across the electromagnetic spectrum. The partnership with Sigma Defense will further expand EWA’s influence to meet all elements, capabilities, and requirements for the Department of Defense’s (“DoD”) larger Joint All Domain Command & Control (“JADC2”) vision for connecting soldiers, sensors, and systems in the field into a single networking architecture. The integration of EWA’s expertise and resources into Sigma Defense’s portfolio will further augment its Combined JADC2 (CJADC2) ecosystem for collecting, analyzing, and distributing data for near real-time intelligence, and is the next step in the combined company’s evolution to respond to the ‘sense, make sense, and act capabilities’ requirements for CJADC2.

This transaction highlights several key trends in the M&A market:

  • Buyers continue to show interest in top-tier assets, especially firms holding dominant market positions, unique capabilities, and enduring relationships with well-funded clients
  • Continued interest in companies that support mission critical programs aligned with the budgetary patterns and strategic goals of the DoD
  • Private equity and private equity-backed companies remain the most active buyers of middle-market and lower-middle market industry firms
  • There is a notable market demand for hardware / software-centric defense companies creating advanced solutions to tackle the growing complexity of challenges encountered by warfighters

Read more in the full press release.

About KippsDeSanto & Co.

KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity, and industry experience. We help market leaders realize their full strategic value. Having advised on over 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.