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Industry Week in Review – February 16, 2024

KippsDeSanto & Co. Industry Week in Review – February 16, 2024

Industry Week in Review – February 16, 2024

M&A Transactions

Albers Aerospace has acquired Onepath Systems, LLC, a provider of turnkey onsite installation, maintenance, technical integration, and operational services for the defense, government, and commercial sectors. Terms of the transaction were not disclosed.

BlueHalo, LLC, a portfolio company of Arlington Capital Partners, has agreed to acquire Eqlipse Technologies, a portfolio company of Arlington Capital Partners, and provider of identity intelligence, advanced research and development, and cyber engineering solutions for private sector and U.S. federal government defense and intelligence markets. Terms of the transaction were not disclosed.

Crimson Phoenix, a portfolio company of Godspeed Capital Management LP, has acquired Seaford Consulting LLC, a provider of full-systems lifecycle, integrated business, mission & information technology (“IT”) solutions for private sector and U.S. federal government markets. Terms of the transaction were not disclosed.

De Havilland Aircraft of Canada, a portfolio company of Longview Aviation Capital Corp, has acquired the Calgary Manufacturing Operations of Field Aerospace, a portfolio company of Trive Capital, and provider of build-to-print parts and subassemblies for chemical processing, heat treating, and non-destructive testing for the commercial aerospace industry. Terms of the transaction were not disclosed.

Indra Sistemas S.A. (BME: IDR) has acquired the remaining 65% stake in Global Aviation Training SL, a provider of simulation systems and training programs for private sector and international government aeronautical markets. Terms of the transaction were not disclosed.

Motorola Solutions (NYSE: MSI) has acquired Silent Sentinel Ltd., a provider of security cameras specializing in long-range cooled and uncooled thermal cameras, shortwave infrared (“SWIR”) cameras, ultra low-lowlight cameras, and illumination technologies for aviation, maritime, coastal surveillance, defense, and military markets. Terms of the transaction were not disclosed.

Sigma Defense Systems, LLC, a portfolio company of Sagewind Capital, LLC, has acquired Juno Technologies, Inc., a provider of IT engineering, systems integration, software development, and technical support to U.S. federal government aerospace, defense, and naval markets. Terms of the transaction were not disclosed.

Teledyne Technologies, Inc. (NYSE: TDY) has agreed to acquire Adimec Advanced Image Systems B.V., a provider of high performance industrial and scientific cameras that deliver true and accurate images for the private sector and international government machine vision, healthcare, and global security markets. Terms of the transaction were not disclosed.

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Industry Week in Review – February 9, 2024

KippsDeSanto & Co. Industry Week in Review – February 9, 2024

Industry Week in Review – February 9, 2024

M&A Transactions

BAE Systems Plc (LSE: BA) has acquired Malloy Aeronautics, a provider of all electric uncrewed aerial systems designed for military operational use and select commercial / civilian applications with the ability to lift payloads from 68kg to 300kg over short to medium range missions. Terms of the transaction were not disclosed.

Birdon America Inc., a subsidiary of Birdon Pty Ltd., has acquired Metal Shark Boats Shipyard, a subsidiary of Gravois Aluminum Boats LLC and provider of fully developed shipyard capabilities including shipbuilding and repair services throughout the U.S. that support the delivery of the Waterways Commerce Cutter Program, a vital component of Birdon’s $1.2 billion contract to design and build 27 new vessels for the U.S. Coast Guard. Terms of the transaction were not disclosed.

CBRE Group, Inc. (NYSE:CBRE) has agreed to acquire J & J Worldwide Services, a portfolio company of Arlington Capital Partners and provider of facilities support services to U.S. federal government civilian, defense, and homeland security markets. The transaction is valued at $1.1 billion, including $800 million of upfront cash and up to $250 million of contingent consideration.

Celerity Government Solutions LLC (dba: Xcelerate Solutions), a portfolio company of McNally Capital, LLC has acquired VMD Systems Integrators, Inc., a provider of cybersecurity, digital infrastructure, and agile engineering services to the private sector and U.S. federal government civilian, defense, and homeland security markets. Terms of the transaction were not disclosed.

Pinnacle X-Ray Solutions, LLC, a portfolio company of Altus Capital Partners, has acquired Willick Engineering Co, Inc, a provider of best-in-class turn-key nondestructive testing x-ray systems, real-time inspection services, and professional radiographic systems repair and support services to military, aerospace, and related industries. Terms of the transaction were not disclosed.

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Industry Week in Review – February 2, 2024

KippsDeSanto & Co. Industry Week in Review – February 2, 2024

Industry Week in Review – February 2, 2024

M&A Transactions

Airbus U.S. Space & Defense, Inc. a subsidiary of Airbus SE, has acquired a 50% stake in the Airbus OneWeb Satellites Joint Venture from Eutelsat OneWeb, a provider of OneWeb satellites at a lower cost compared to traditional satellites with a production rate of up to 2 per day and a history of building 600 satellites to date, holds partnerships with 40 major suppliers, and has executed 19 successful launches in support of the OneWeb constellation. Terms of the transaction were not disclosed.

Amphenol (NYSE: APH) has agreed to acquire Carlisle Interconnect Technologies, a subsidiary of Carlisle Companies (NYSE: CSL), and a provider of comprehensive, high-performance interconnect solutions including unique cable configurations; custom high-frequency connectors; complete cable assemblies of any complexity; and specialized complex harnesses, racks, and structures for customers in Aerospace, Military, Space, and related industries. The transaction is valued at $2.03 billion.

Gemini Investors LLC has acquired Canvas Inc., a provider of engineering, technical, and lifecycle management services to US defense agencies, including the Air Force and Army. Terms of the transaction were not disclosed.

Rheinmetall AG (XTRA: RHM) has acquired a 72.5% stake in Automecanica Medias S.R.L., a provider of special vehicles, truck build-ons, and trailers for international government automotive, defense, and civilian markets. Terms of the transaction were not disclosed.

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Industry Week in Review – January 19, 2024

KippsDeSanto & Co. Industry Week in Review – January 19, 2024

Industry Week in Review – January 19, 2024

M&A Transactions

Airbus Helicopters SAS, a subsidiary of Airbus SE (ENXTPA: AIR), has agreed to acquire Aerovel Corp., a provider of Flexorator, a small, tactical unmanned aerial system designed for intelligence, surveillance, target acquisition, and reconnaissance missions at sea and over land with a flight endurance of more than 30 hours and 120km communications range. Terms of the transaction were not disclosed.

Arcline Investment Management, LP, has agreed to acquire Kaman Corporation (NYSE: KAMN), a provider of proprietary aircraft bearings and components; super precision, miniature ball bearings; proprietary spring energized seals; springs and contacts; wheels, brakes, and related hydraulic components; complex metallic and composite aerostructures; and a variety of munitions, MRO, and services for various commercial, military, general aviation fixed, rotary wing, and UAV aircraft. The transaction is valued at $1.8 billion.

CORE Industrial Partners has acquired Aviation Concepts, LLC, a provider of mission-critical, high-quality, nose-to-tail serviceable material aircraft parts, avionics, rotable components, actuation systems, hydraulics, landing gear, and auxiliary power units with applications across a variety of aircraft fleets to the aftermarket commercial aviation industry. Terms of the transaction were not disclosed.

John Cockerill Group has agreed to acquire Arquus SAS, a subsidiary of Volvo AB (OM: VOLV B) and provider of a complete range of medium armoured vehicles and drivelines with an extensive range of advanced, high-mobility wheeled military vehicles for heavier combat vehicles in private sector and international government defense markets. Terms of the transaction were not disclosed.

Leonid Capital Partners has made a strategic investment in Infinite Composites, a provider of innovative, advanced materials specializing in composite pressure vessel designs that are lightweight and significantly reduce gas storage costs, enhance performance through mass reductions, and extend mission lifespans in support of both government and commercial space missions and energy transitions globally. Terms of the transaction were not disclosed.

RTC Aerospace, LLC, a portfolio company of Stellex Capital Management, has acquired Vanderhorst Brothers, Inc., a provider of complex machined components and high-precision parts for Tier 1 and OEM customers in the aerospace, defense, and space industries. Terms of the transaction were not disclosed.

Sunshine Avionics, a subsidiary of HEICO Corporation (NYSE: HEI), has acquired the Exclusive License and Key Related Assets for select Display Product Lines from Honeywell International (NASDAQ: HON), a provider of Boeing 737NG / 777 Cockpit Displays and Legacy Displays product lines with the capability to produce, sell, and repair these displays in addition for other legacy displays for B717, ATR, and select business and general aviation aircraft. Terms of the transaction were not disclosed.

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Industry Week in Review – January 12, 2024

KippsDeSanto & Co. Industry Week in Review – January 12, 2024

Industry Week in Review – January 12, 2024

M&A Transactions

Applied Insight, LLC, a portfolio company of The Acacia Group has acquired  Zavda Technologies LLC, a provider of IT management solutions to the private and public sector. Terms of the transaction were not disclosed.

Cadence Design Systems, Inc. (NASDAQ: CDNS) has acquired Invecas, Inc., a provider of turnkey application-specific integrated circuits, custom silicon production, design engineering, embedded software, and system-level solutions to private sector and U.S. federal government defense, semiconductor, and related markets. Terms of the transaction were not disclosed.

Cadre Holdings (NYSE: CDRE) has acquired ICOR Technology, a provider of explosive ordnance disposal (“EOD”) robots and specialized protective security equipment for military organizations worldwide. Terms of the transaction were not disclosed.

Crimson Phoenix, a portfolio company of Godspeed Capital Management LP has acquired Cyberspace Solutions LLC, a portfolio company of RLH Equity Partners and a provider of intelligence analysis, language support, solutions development, and enterprise IT to private sector and U.S. federal government defense, intelligence, and special operations markets. Terms of the transaction were not disclosed.

Framatome and Naval Group have acquired Jeumont Electronic, a subsidiary of Altawest SAS, a provider of manufacture, maintenance, and replacement services for electrical equipment including motors, auxiliary equipment, electric machines, command and control devices, and related ancillary equipment for the international, government, nuclear and naval defense markets. Terms of the transaction were not disclosed.

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Industry Week in Review – January 5, 2024

KippsDeSanto & Co. Industry Week in Review – January 5, 2024

Industry Week in Review – January 5, 2024

M&A Transactions

An Undisclosed U.S.-based Non-Strategic Buyer has agreed to acquire the Precision Sport segment (Sierra Bullets and Barnes Bullets) of Clarus Corporation (NASDAQ: CLAR), a provider of outdoor equipment and lifestyle products focused on the sports market including a wide range of bullets, bullet jackets, and lead free bullets for premium hunting, tactical ammunition, precision target shooting, and defense purposes while serving sport shooting enthusiasts as well as law and military enforcement professionals. The transaction is valued at $175 million.

Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired AeroCision, LLC and Numet Machining Techniques, LLC, portfolio companies of Liberty Hall Capital Partners, and Walbar Engine Components, a portfolio company of Cornerstone Capital Holdings, providers of specialized machining capabilities including milling, broaching, turning, grinding, balance, electrical discharge machining, heat treatment, non-destructive testing, engineering software solutions, and inspection capabilities. Terms of the transaction were not disclosed.

Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Samtan Engineering Corp., a provider of single-source metal stamping and deep drawing with capabilities including shearing, punching, forming, metal spinning, machining, wire electric discharge manufacturing, and assembly for private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.

Global Warming Solutions Inc. has acquired AQST USA LLC, a provider of innovative research, manufacturing, and development for satellites, space components, planetary rovers, space robotics, and advanced zero carbon emission technologies specializing in space systems, advanced technologies, and clean energy solutions catering to both terrestrial and space applications for U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.

Management Science and Innovation, LLC has acquired Ascolta, LLC, a subsidiary of ViON Corp., and provider of customized analytics solutions to support data warehouse augmentation, operational analysis, security and intelligence and cyber operations for private sector and U.S. federal government markets. Terms of the transaction were not disclosed.

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Industry Week in Review – December 29, 2023

KippsDeSanto & Co. Industry Week in Review – December 29, 2023

Industry Week in Review – December 29, 2023

M&A Transactions

CM Equity Partners has made an investment in Dexis Consulting Group, a provider of program design and delivery of foreign assistance programs for the public sector. Terms of the transaction were not disclosed.

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Industry Week in Review – December 22, 2023

KippsDeSanto & Co. Industry Week in Review – December 22, 2023

Industry Week in Review – December 22, 2023

M&A Transactions

AAR Corp. (NYSE: AIR) has agreed to acquire the Product Support Business of Triumph Group (NYSE: TGI), a provider of specialized maintenance, repair, and overhaul capabilities for critical aircraft components including structural components, engine and airframe accessories, interior refurbishment, wheels and brakes, and proprietary designated engineering representative and parts manufacturer approval parts for commercial and defense customers. The transaction is valued at $725 million.

Colt CZ Group SE (SEP: CZG) has acquired Sellier & Bellot A.S., a subsidiary of Companhia Brasileira de Cartuchos (“CBC”) S.A., and provider of small caliber (i.e., pistol, rifle, and shotgun) ammunition to private sector and international government defense markets. Terms of the transaction were not disclosed.

Comitans Capital AG has agreed to acquire the Small-Bore Pistons Unit of Rheinmetall AG (XTRA: RHM), a provider of small-bore pistons used primarily in internal combustion engines with a focus on near-adjacent applicability to next generation alternative drive systems and hydrogen technologies across military, civil, and commercial platforms. Terms of the transaction were not disclosed.

Diehl Defence, a subsidiary of Diehl Stiftung & Co. KG, has agreed to acquire The Allweier Group, a provider of high-precision metal parts with core competencies in CNC turning, milling, grinding, orbital sanding, and assembly of components and subassemblies for private sector and international government manufacturing and propulsion markets. Terms of the transaction were not disclosed.

Enlightenment Capital has made an investment in Ridgeline International Inc., a provider of intelligence and cybersecurity software solutions that protect data against ubiquitous technical intelligence to the defense and intelligence community. Terms of the transaction were not disclosed.

HawkEye 360 Inc. has acquired the RF Solutions business of Maxar Intelligence, a subsidiary of Maxar Technologies Ltd., a portfolio company of Advent International Corp. and provider of secure, precise, space-based RF geospatial solutions and analysis on the spectrum and various wireless networks (i.e., 2 existing RF satellites, RF scanning IP, and a multi-year global database rich in RF collections ranging from 1.4GHz to 40 GHz) enabling government intelligence customers to use wireless technologies for deployments, global connectivity, and active frequency mapping. Terms of the transaction were not disclosed.

Luna Innovations Inc. (NASDAQ: LUNA) has acquired Silixa Ltd., a provider of distributed fiber optic sensing solutions with core capabilities in distributed acousting sensing, distributed temperature sensing, and distributed strain sensing that offer enhanced performance for applications in private sector, U.S. federal, and international government defense, energy, and mining markets. The transaction is valued at $38 million.

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Industry Week in Review – December 15, 2023

KippsDeSanto & Co. Industry Week in Review – December 15, 2023

Industry Week in Review – December 15, 2023

M&A Transactions

LIG Nex1 (KRX: 079550) and Korea Investment Private Equity have agreed to acquire a 60% equity stake in Ghost Robotics, a provider of advanced unmanned quadruped vehicles outfitted with sensors, mesh communications, and manipulators enabling data collection, intelligence, security, asset protection, and military-specific uses where operating conditions are difficult for human engagement primarily for commercial and military partners. The 60% equity stake is valued at $239 million.

Lynx Software Technologies, Inc. has acquired Timesys Corp., a provider of development tools, cybersecurity solutions, and differentiated software engineering services for open-source embedded and edge software applications for private sector and U.S. federal government aerospace, defense, industrial, medical, and enterprise end-markets. Terms of the transaction were not disclosed.

Nokia Oyj (HLSE: NOKIA) has agreed to acquire Fenix Group, a portfolio company of Enlightenment Capital, and a provider of tactical 3rd Generation Partnership Project communications solutions and innovative tactical communications products, including the Banshee product family, that are designed to provide high-speed, low-latency data connections to many devices and users simultaneously. Terms of the transaction were not disclosed.

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Industry Week in Review – December 8, 2023

KippsDeSanto & Co. Industry Week in Review – December 8, 2023

Industry Week in Review – December 8, 2023

M&A Transactions

Acclaim Technical Services, LLC (“ATS”) has acquired Alder Technology, Inc., a provider of high-end network engineering, network security, and data management services and solutions supporting the national security mission. Terms of the transaction were not disclosed.

Capitol Meridian Partners (“CMP”) has acquired Clarity Innovations LLC., a provider of advanced data and cyber analytics services and software to private sector and U.S. federal government aerospace, defense, and national security markets. Terms of the transaction were not disclosed.

Fincantieri S.p.A. (BIT: FCT) has agreed to acquire Remazel Engineering S.p.A, a subsidiary of Advanced Technology Industrial Group S.A., a provider of highly customized and complex topside equipment with a particular focus on the design and supply of highly complex systems for handling, lifting and anchoring in addition to other launch and recovery solutions for underwater vessels, and critical gas turbine components for the broader offshore market. The transaction is valued at $84.8 million.

H.I.G. Capital has acquired Mainline Information Systems, Inc., a provider of diversified IT solutions serving the infrastructure needs of blue-chip enterprises and the public sector. Terms of the transaction were not disclosed.

Irys Technologies, Inc. has acquired  Diversified Technical Services, Inc. (“DTSI”), a provider of software development, cybersecurity, and IT services for defense and government sectors. Terms of the transaction were not disclosed

Thrust Capital Partners has acquired DCM Group, a provider of aerospace components, ground support equipment tooling, aircraft maintenance and welding services for aircraft manufacturers, equipment suppliers, aircraft maintenance centers, and airlines operating in the aviation and aerospace markets. Terms of the transaction were not disclosed.

Yulista Holding, LLC, a subsidiary of Calista Corp. has acquired DSoft Technology, Engineering & Analysis, Inc., a provider of technology, engineering, and analysis consulting services and solutions for a broad range of clients in the Department of Defense, Civil, and Commercial sectors. Terms of the transaction were not disclosed.

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