Industry Week in Review – August 20, 2020

KippsDeSanto & Co. Industry Week in Review – August 20, 2020

Industry Week in Review – August 20, 2020

M&A Transactions

Baird Capital has acquired eCube Solutions Limited, a provider of storage, disassembly, and recycling services to global aircraft owners in Europe, the Middle East, and Asia, including major airlines and aircraft leasing companies. Terms of the transaction were not disclosed.

Consolidated Machine & Tool Holdings, LLC, a portfolio company of White Wolf Capital, LLC, has acquired Specialty CNC, Inc., a provider of contract machining and complex assembly services for the defense, aerospace, and medical industries. Terms of the transaction were not disclosed.

Consolidated Machine & Tool Holdings, LLC, a portfolio company of White Wolf Capital, LLC, has acquired Waiteco Machine, Inc., a provider of contract precision machining, fabrication, assembly, and design of highly engineered components for the aerospace, defense, and various other industries. Terms of the transaction were not disclosed.

HEICO Corp’s Electronic Technologies Group has acquired Connect Tech, Inc., a provider of rugged, small-form-factor embedded computing solutions and custom design services. Terms of the transaction were not disclosed.

KBR, Inc. has acquired Centauri, LLC, a provider of space, directed energy, and other advanced technology solutions to the United States Intelligence Community and Department of Defense. The transaction was valued at $800 million. KBR will use $300 million in cash on hand and $500 million of debt to fund the transaction.

Kymeta Corp. has acquired Lepton Global Solutions, LLC, a provider of customized, turnkey satellite communications solutions to commercial and government customers. Terms of the transaction were not disclosed.

MAG Aerospace, a portfolio company of New Mountain Capital, LLC, has acquired Remotely Piloted Solutions, LLC, a provider of unmanned aircraft system solutions to complex requirements in the areas of training, test and logistics, along with a variety of commercial solutions, including training, requirements and licensing consulting, surveying, disaster and emergency response, infrastructure and emissions inspections, thermal imaging, 3D and 4D mapping, livestock monitoring, and security. Terms of the transaction were not disclosed.

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Industry Week in Review – August 14, 2020

KippsDeSanto & Co. Industry Week in Review – August 14, 2020

Industry Week in Review – August 14, 2020

M&A Transactions

CACI International, Inc. has acquired Ascent Vision Technologies, LLC, a provider of gyro-stabilized imaging systems, fully integrated solutions, and innovative software for ISR, air defense, and counter drone operations for the defense, aerospace, and unmanned systems industries.  Terms of the transaction were not disclosed.

HEICO Corp.’s Electronics Technologies Group has acquired Intelligent Devices, Inc. and Transformational Security, LLC, providers of hardware and software which detect, identify, and analyze an array of threats posed in cellular communication security, information security, and radio frequency security.  Terms of the transactions were not disclosed.  KippsDeSanto & Co. served as the financial advisor to Intelligent Devices, Inc. and Transformational Security, LLC.

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Industry Week in Review – July 31, 2020

KippsDeSanto & Co. Industry Week in Review – July 31, 2020

Industry Week in Review – July 31, 2020

M&A Transactions

Battle Investment Group has acquired Oceus Networks, Inc., a portfolio company of Tailwind Capital, a provider of communications and data solutions for combat and emergency response situations. Terms of the transaction were not disclosed.

Calspan Holdings has acquired Aero Systems Engineering, Inc., a portfolio company of Gen Cap America, Inc., a provider of testing and engineering services to manufacturers of jet engines and industrial gas turbines. Terms of the transaction were not disclosed.

Core Industrial Partners, LLC, has acquired and merged Incodema, Inc. and Newchem, Inc., to form Incodema Holdings, LLC, a provider of micro, intricate parts in the aerospace and defense, electronics, and medical sectors. Terms of the transaction were not disclosed.

EDGE Group PJSC has agreed to acquire Lockheed Martin’s 40% stake in Advanced Military Maintenance Repair and Overhaul Center (AMMROC), a provider of military maintenance, repair, and overhaul services in the Middle East Region. As of December 31, 2019, Lockheed Martin reported the carrying value of its investment to be worth $435.0 million.

Fors Marsh Group has acquired Veterans Research Network, a subsidiary of ScoutComms, LLC, a research provider focused on developing insights for improved decision-making for the Department of Defense. Terms of the transaction were not disclosed.

Summit Interconnect, a portfolio company of HCI Equity Partners, has acquired Integrated Technology Ltd., a provider of advanced technology printed circuit boards with a focus on complex rigid and rigid-flex product. Terms of the transaction were not disclosed.

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Industry Week in Review – July 17, 2020

KippsDeSanto & Co. Industry Week in Review – July 17, 2020

Industry Week in Review – July 17, 2020

M&A Transactions

GardaWorld Security Corp. has acquired WorldAware, Inc., a provider of risk management solutions for multinational organizations in the United States and internationally. Terms of the transaction were not disclosed.

General Dynamics Corp. has agreed to acquire Medico Industries, a provider of metal component manufacturing and heavy equipment sales and services. Terms of the transaction were not disclosed.

 Standex International Corp. has acquired Renco Electronics, a provider of customized and standard magnetics components and products including transformers, inductors, chokes and coils for power and RF applications. The transaction was valued at $28 million.

 Voyager Space Holdings, Inc. has acquired Pioneer Astronautics, a provider of hands-on research and development, dedicated to inventing new technologies that have the potential to advance the nation’s space program. Terms of the transaction were not disclosed.

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Industry Week in Review – July 10, 2020

KippsDeSanto & Co. Industry Week in Review – July 10, 2020

Industry Week in Review – July 10, 2020

M&A Transactions

Sagewind Capital, LLC has acquired QuantiTech, Inc, a provider of highly technical engineering and management support for vital mission-critical programs, primarily in service of key defense agencies responsible for maintaining technological superiority and warfighter dominance. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to QuantiTech, Inc.

Antenna Research Associates, Inc. has acquired AQYR Technologies, Inc., a provider of tactical, autoacquire SATCOM terminals for the commercial and military markets. Terms of the transaction were not disclosed.

COMSovereign Holding Corp. has acquired Virtual Network Communications, Inc., a provider of fixed and mobile broadband communications solutions for public and private wireless networks operated by commercial, enterprise, government, and defense customers. The transaction was valued at $19.0 million.

DC Capital Partners, LLC, has made a strategic investment in Revenue Solutions Inc., a provider of mission critical integrated tax, labor, and compliance software and solutions to State and Local government tax authorities. RSI provides clients with information technology services and solutions to increase tax collections, improve customer service, enhance operational efficiency, and maximize compliance. Terms of the transaction were not disclosed.

Sincerus Global Solutions, Inc. has acquired SAIC’s International Development Services Portfolio, a provider of international development services contracts, including peacekeeping and law enforcement training, “rule of law” consulting, and related implementation services for the State Department and the Department of Justice. Terms of the transaction were not disclosed.

The Government of the United Kingdom and Bharti Global have agreed to acquire OneWeb, LLC, a provider of cutting-edge satellite technology in the United Kingdom and United States. The transaction was valued at $1.1 billion.

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Industry Week in Review – July 2, 2020

KippsDeSanto & Co. Industry Week in Review – July 2, 2020

Industry Week in Review – July 2, 2020

M&A Transactions

Architect Equity, LLC has agreed to acquire the Composites Manufacturing Business of AAR Corporation, a provider of design, fabrication, and assembly of composite aerospace products for customers in the commercial aerospace and defense industries. Terms of the transaction were not disclosed.

 One Equity Partners, LLC has agreed to acquire the Manufacturing & Design Services Business of Sparton Corporation, a portfolio company of Cerberus Capital Management, L.P., a provider of advanced engineering, design, and manufacturing of highly complex electronic and electromechanical devices, including sophisticated printed circuit card assemblies, subassemblies, full product assemblies, and cable / wire harnesses. Terms of the transaction were not disclosed.

 Patrol Protect Secure, Inc. has acquired Internal Security Associates, LLC, a provider of security services in Boston MA, primarily focused on public sector customers, including state agency offices, courthouses, and government buildings. Terms of the transaction were not disclosed.

 Pine Island Capital Partners, LLC has acquired Meggitt Training Systems, a subsidiary of Meggitt PLC, a provider of advanced technology-enabled training systems. The transaction was valued at $146 million.

 Sealing Technologies, Inc has acquired Quark Security, Inc., a provider of cybersecurity solutions in areas such as Security-Enhanced Linux and Security Enhancements for Android™. Terms of the transaction were not disclosed.

 The Carlyle Group has acquired Unison, Inc., a provider of procurement, supply chain, and contract management software to Federal government agencies and government contractors. Terms of the transaction were not disclosed.

 VariQ Corporation has acquired Rivet Logic Corporation, a provider of consulting services to build digital experiences, and the solutions to manage and optimize them. Terms of the transaction were not disclosed.

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Industry Week in Review – June 26, 2020

KippsDeSanto & Co. Industry Week in Review – June 26, 2020

Industry Week in Review – June 26, 2020

M&A Transactions

AE Industrial Partners has acquired NuWave Solutions, LLC, a provider of data management, advanced analytics, artificial intelligence, machine learning and cloud solutions to the federal government. Terms of the transaction were not disclosed.

Aircraft Technical Publishers, a portfolio company of ParkerGale Capital, LP, has acquired Flightdocs Inc., a provider of aircraft maintenance tracking and inventory management solutions within business aviation. Terms of the transaction were not disclosed.

Gardner Standard, LLC has acquired Shadin Avionics, a provider of support services for fuel flow systems, engine trend monitoring, altitude management systems, air data computers and other instrumentation for turbine, piston, and rotor aircraft for the military, general and corporate aviation markets. Terms of the transaction were not disclosed.

Maxar Technologies, Ltd. has announced its intent to exercise its call option from partner Saab AB to acquire a 50% stake and take full ownership of Vricon, Inc, a provider of satellite-derived data for defense and intelligence markets, with software and products that enhance 3D mapping, Earth intelligence data, military simulation and training and precision-guided munitions. The acquisition of 50% was valued $115 million, net of cash.

NSC Technologies, LLC, a portfolio company of White Wolf Capital, LLC, has acquired Anistar Technologies, Inc., a provider of staffing services for highly skilled, hard-to-find professionals in the technology, infrastructure, and defense sectors. Terms of the transaction were not disclosed.

Redwire (Venture, which includes Adcole Space and Deep Space Systems) has acquired Made in Space, a provider of space exploration, national security, and sustainable space settlement equipment. Terms of the transaction were not disclosed.

Wind Point Partners has acquired Corbett Technology Solutions, Inc., a portfolio company of Tower Arch Capital, LLC, a provider of integrated technology solutions to corporate, government, healthcare, educational, and multi-unit living facilities. Terms of the transaction were not disclosed.

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Industry Week in Review – June 19, 2020

KippsDeSanto & Co. Industry Week in Review – June 19, 2020

Industry Week in Review – June 19, 2020

M&A Transactions

Kratos Defense & Security Solutions, Inc. has agreed to acquire ASC Signal Division, Inc., a subsidiary of Communications & Power Industries, LLC, a portfolio company of Odyssey, a provider of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare, and high-frequency applications. The transaction was valued at $35 million.

Mitsui & Co., Ltd. and Yamasa Co., Ltd. have acquired Spaceflight, Inc., a subsidiary of Spaceflight Industries, Inc., a provider of mission management and comprehensive launch services including satellite infrastructure and rideshare launch offerings for commercial and government entities. Terms of the transaction were not disclosed.

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Industry Week in Review – June 12, 2020

KippsDeSanto & Co. Industry Week in Review – June 12, 2020

Industry Week in Review – June 12, 2020

M&A Transactions

Central Research, Inc. has acquired Skyline Ultd, Inc., a provider of staff augmentation and IT services for government agencies, including the Intelligence Community (“IC”), Department of Veterans Affairs, Army National Guard Bureau, and the Department of Health and Human Services. Terms of the transaction were not disclosed.

Cyemptive Technologies, Inc. has acquired Interpreting Technology, a provider of business, consumer, and IT department support via consulting and implementation of cybersecurity solutions. Terms of the transaction were not disclosed.

 E3/Sentinel, a portfolio company of NewSpring Holdings, has acquired Lucid Perspectives, LLC, a provider of software development and systems engineering solutions to the IC. Terms of the transaction were not disclosed.

 Flight Support Group, Inc., a subsidiary of HEICO Corporation, has acquired Rocky Mountain Hydrostatics, a provider of industrial pumps, motors, and other hydraulic units with a focus on the support of legacy systems for the US Navy. Terms of the transaction were not disclosed.

 Fralock, a portfolio company of Arsenal Capital Partners, has acquired Career Technologies USA, an integration provider of various materials and components for demanding applications and technologies, including flexible and rigid-flex circuits and related assemblies, for the medical device, aerospace, and other specialty markets. Terms of the transaction were not disclosed.

 Hanwha Systems Co., Ltd., a subsidiary of Hanwha Corporation, has acquired Phasor Solutions, Ltd., a subsidiary of Phasor, Inc., a provider of high throughput, modular, digital, phased array antennas. Terms of the transaction were not disclosed.

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Industry Week in Review – June 5, 2020

KippsDeSanto & Co. Industry Week in Review – June 5, 2020

Industry Week in Review – June 5, 2020

M&A Transactions

AE Industrial Partners has acquired Deep Space Systems, a provider of advanced space system components and exploration aircraft. Terms of the transaction were not disclosed.

 General Atomics Aeronautical Systems, Inc., a subsidiary of General Atomics Corporation has acquired IJK Controls, LLC, a provider of innovative solutions for stabilization, pointing, and tracking of cameras, sensors, and antennas. Terms of the transaction were not disclosed.

 Thoma Bravo, LLC has acquired Exostar, LLC, a provider of identity access management and secure cloud solutions that improve collaboration, information sharing, and supply chain management. Terms of the transaction were not disclosed.

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