Industry Week in Review – April 1, 2022

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KippsDeSanto & Co. Industry Week in Review – April 1, 2022

Industry Week in Review – April 1, 2022

M&A Transactions

Top Aces, Inc., a portfolio company of Clairvest Group, Inc., has acquired Blue Air Training Corp., a provider of contract air services for Close Air Support (“CAS”) training to DoD Joint Terminal Attack Controllers (“JTAC”) and Joint Forward Observers (“JFO”). Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Blue Air Training Corp.

cBEYONData, Inc., a portfolio Company of Bluestone Investment Partners, LLC, has acquired Alta Via Consulting, LLC, a provider of Enterprise Resource Planning (“ERP”) consulting, business process, and information technology services for the private sector and U.S. federal government market. Terms of the transaction were not announced.

G.S. Precision, Inc., a portfolio company of AE Industrial Partners, LP, has acquired Screw-Matic Corp. (SMC Aerospace), a provider of highly engineered tubes and machined components for the private sector and U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.

Liberty Strategic Capital L.P. has agreed to acquire Zimperium, Inc., a provider of mobile device and app security solutions, offering real-time, on-device protection against known and unknown threats on Android, iOS, and Chromebook endpoints for commercial and federal defense and intelligence markets. The transaction is valued at $525 million.

Sarcos Technology and Robotics Corporation (NASDAQ: STRC and STRCW) has agreed to acquire RE2 Robotics, Inc., a provider of intelligent modular manipulation systems for mobile robotic platforms in various markets including aerospace. The transaction is valued at $100 million.

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Industry Week in Review – March 11, 2022

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KippsDeSanto & Co. Industry Week in Review – March 11, 2022

Industry Week in Review – March 11, 2022

M&A Transactions

Blackhawk Aerospace has agreed to acquire Recoil Aerospace, LLC, a provider of lightweight carbon fiber composite solutions for helicopter platforms. Terms of transaction were not disclosed.

CGI Automated Manufacturing, Inc., a portfolio company of Core Industrial Partners, LLC, has acquired DFF Corp., a provider of lightweight carbon fiber composite solutions for helicopter platforms. Terms of the transaction were not disclosed.

DC Capital Partners has acquired uAvionix Corp., a provider of highly differentiated, small form factor communications, navigation, and surveillance avionics for unmanned and manned aircraft. Terms of the transaction were not disclosed.

Google, LLC, a subsidiary of Alphabet, Inc. (NASDAQ: GOOGL) , has agreed to acquire Mandiant, Inc., a provider of advanced threat detection and response solutions to private sector and U.S. federal government markets. The transaction is valued at $5.4 billion.

Microsoft Corp. (NASDAQ: MSFT) has acquired Nuance Communications, Inc., a provider of voice recognition and natural language understanding solutions. The transaction is valued at $19.7 billion.

Standex International Corporation (NYSE: SXI) has acquired Sensor Solutions, Inc., a provider of customized linear, latching, magnetic rotary and speciality sensor products for military and consumer electronics end markets. The transaction is valued at $9.7 million.

The Emmes Company, LLC., a portfolio company of Behrman Capital, has acquired Casimir, LLC., a provider of contract research organization solutions to private sector and U.S. federal government public health and biopharmaceutical markets. Terms of the transaction were not disclosed.

The Sterling Group, L.P. has acquired West Star Aviation Holdings, LLC., a provider of maintenance, repair, and MRO services to the business aviation industry. Terms of the transaction were not disclosed.

The Vertex Company, a portfolio company of American Industrial Partners, has agreed to merge with Vectrus Inc. (NYSE: VEC). The combined company will offer significantly expanded technology and service capabilities, delivering a comprehensive suite of integrated solutions and critical service offerings to support national security readiness and modernization initiatives around the world. The transaction values Vertex at $2.1 billion.

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Industry Week in Review – December 17, 2021

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KippsDeSanto & Co. Industry Week in Review – December 17, 2021

Industry Week in Review – December 17, 2021

M&A Transactions

Analytic Services Inc (ANSER) has acquired InTec, LLC, a provider of technical and management expertise to the federal government, including Intelligence, Civil, and Defense Agencies. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to InTec, LLC.

Advanced Technology International, a subsidiary of Analytic Services, Inc., has acquired NSTI, LLC (dba: TechConnect)., a provider of prospecting and matchmaking research serving the private sector and U.S. federal government aerospace, defense, and technology development markets. Terms of the transaction were not disclosed.

Ducommun, Inc. (NYSE: DCO) has acquired Magnetic Seal Corp., a provider of high-impact, military-proven magnetic seals for critical systems in aerospace and defense applications. The transaction is valued at $69.5 million.

Godspeed Capital Management LP has made a strategic investment in Varen Technologies, Inc., a provider of cyber security, analytics, agile software development, and IT/maintenance services to the private sector and federal government defense, homeland security, and other cyber defense organizations. Terms of the transaction were not disclosed.

ICF International, Inc., has agreed to acquire the Creative Systems and Consulting, LLC, a provider of IT modernization and digital transformation solutions to U.S. federal agencies. Terms of the transaction were not disclosed.

Jet Support Services, Inc., a subsidiary of JSS Holdings, Inc., a portfolio company of GTCR, LLC, has acquired TRAXXALL Technologies, a provider of software-as-a-service (“SaaS”) solutions for aircraft maintenance tracking, parts inventory management, and a cloud-based software to enhance aircraft maintenance, repair, and overhaul (“MRO”) workflows. Terms of the transaction were not disclosed.

JLL Partners has acquired LCR Embedded Systems, a provider of rugged enclosures, backplanes, and fully integrated systems for the aerospace and defense industry. Terms of the transaction were not disclosed.

Latécoère S.A. (EPA: LAT.PA), a portfolio company of Searchlight Capital Partners, has agreed to acquire Malaga Aerospace, Defense, and Electronics Systems, S.A., a portfolio company of American Industrial Acquisition Corp and provider of electronic systems for U.S. and European missile systems and defense programs, including circuit card and specialized electronic assemblies. Terms of the transaction were not disclosed.

Lightview Capital has invested in CyberSheath Services International, LLC, a provider of IT security services partners for the private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.

Novaria Group, a portfolio company of KKR & Co. L.P., has acquired GK Mechanical Systems, LLC, a provider of automatic, positive, locking systems and components for private sector and U.S. federal government markets. Terms of the transaction were not disclosed.

Rocket Lab USA, Inc. (NASDAQ: RKLB) has agreed to acquire SolAero Technologies Corporation, a portfolio company of The Carlyle Group and provider of highly efficient, radiation hard solar cells, Coverglass Interconnected Cells (“CICs”), and solar panels for space power applications. The transaction is valued at $80.0 million.

TriMas Corp. (NASDAQ: TRS) has acquired TFI Aerospace Corp., a provider of high stress male-threaded fasteners for aerospace, automotive, transportation, and industrial equipment. Terms of the transaction were not disclosed.

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Industry Week in Review – December 10, 2021

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KippsDeSanto & Co. Industry Week in Review – December 10, 2021

Industry Week in Review – December 10, 2021

M&A Transactions

DroneUp, LLC has acquired AirMap, Inc., a provider of UAS Traffic Management (“UTM”) and U-space solutions used to manage drone operations for civilian governments, defense, security, and enterprise sectors. Terms of the transaction were not disclosed.

JFL Equity Investors V, L.P., a fund managed by J.F. Lehman & Company, has acquired the Narda-MITEQ Division of Narda Safety Test Solutions, a subsidiary of L3Harris Technologies, Inc. (NYSE: LHX) and provider of specialized Radio Frequency (“RF”) microwave products and solid-state satellite communication (“SATCOM”) components. Terms of the transaction were not disclosed.

Safran S.A. (Paris: SAF.PA) has acquired Orolia Holdings SAS, a portfolio company of Eurazeo SE and provider of high-precision electronics equipment that generates high-precision time & frequency signals that critical operations use to detect, trace, control, analyze or synchronize time and location-critical events. Terms of the transaction were not disclosed.

Systems Planning and Analysis, Inc., a portfolio company of Arlington Capital Partners has acquired Arena Technologies, LLC, a provider of systems engineering and trusted advisory services to the space and national intelligence community and related customers. Terms of the transaction were not disclosed.

Trescal SAS, a portfolio company of OMERS Private Equity, has acquired Aviatronik, S.P.A, a provider of advanced computer hardware structures and components including design, manufacturing, engineering, logistics, calibration management, instrument repair, and training for the aerospace and defense industries. Terms of the transaction were not disclosed.

Trescal SAS, a portfolio company of OMERS Private Equity, has acquired Cleanroom Management International, a provider of cleanroom qualification, calibration, and the rental/sale of metrology instruments. Terms of the transaction were not disclosed.

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Industry Week in Review – December 3, 2021

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KippsDeSanto & Co. Industry Week in Review – December 3, 2021

Industry Week in Review – December 3, 2021

M&A Transactions

Acclaim Technical Services, a portfolio company of Blue Delta Capital Partners, has acquired Entegra Systems, LLC, a provider of cyber technology solutions in support of defense, intelligence, and national security missions. Terms of the transaction were not disclosed.

ADDMAN Engineering has acquired Domaille Engineering, LLC, a provider of precision optical fiber polishing machines and fixtures to high-tech industries. Terms of the transaction were not disclosed.

BlueHalo, LLC, a portfolio Company of Arlington Capital Partners, has acquired Asymmetrik Ltd., a provider and developer of software solutions and technology tools used to enable the Intelligence Community’s (“IC”) most advanced programs. Terms of the transaction were not disclosed.

Carlyle Group Inc (Nasdaq: CG), has agreed to acquire Client Network Services, Inc., a portfolio company of Alvarez & Marsal Capital and provider of information technology and business process outsourcing solutions to federal, state, and local government agencies. Terms of the transaction were not disclosed.

Fastener Distribution Holdings, LLC, a portfolio company of Audax Group, has acquired Unical Defense, Inc., a subsidiary of The Unical Group and provider of product support solutions to OEMs, governments and maintenance repair stations. Terms of the transaction were not disclosed.

Global Precision Products, LLC has acquired Will-Mor Manufacturing, LLC, a provider of mission critical engine components for both commercial and military aerospace applications, as well as ordnance for the defense industry. Terms of the transaction were not disclosed.

Mercury Systems, Inc. (NasdaqGC: MRCY) has acquired Atlanta Micro, Inc., a provider of (“RF”) modules and components, including advanced monolithic microwave integrated circuits (“MMICs”) which are critical for high-speed data acquisition applications. Terms of the transaction were not disclosed.

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Industry Week in Review – November 19, 2021

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KippsDeSanto & Co. Industry Week in Review – November 19, 2021

Industry Week in Review – November 19, 2021

M&A Transactions

Advanced Mission Solutions, LLC, has acquired Innovative Management & Technology Services, LLC, a provider of IT services to the FBI and law enforcement community. Terms of the transaction were not disclosed.

Buchanan and Edwards, Inc., has acquired RenXTech, LLC, a provider of cyber, technical, and operational support to critical missions within the Federal and commercial sectors. Terms of the transaction were not disclosed.

Castellum, Inc. (OTC: ONOV), has acquired the Assets of Patuxent River Naval Air Station, a subsidiary of The Albers Group, LLC, and provider of engineering capabilities, aviation operations, certified manufacturing capabilities, and technology commercialization strategies for the U.S. federal government. Terms of the transaction were not disclosed.

Incline Merger Sub, LLC, a subsidiary of Ichor Holdings, Ltd. (NasdaqGS: ICHR), has acquired IMG Companies, LLC, a portfolio company of Addison Capital Partners and provider of process sensitive, critical and highly engineered components, tools and systems. The transaction is valued at $270.0 million.

Interconnect Solutions Company, a portfolio company of Tide Rock Holdings, has acquired Tri-Tek Electronics Inc., a provider of cable assemblies, specialized bulk cables, RF assemblies, wiring harnesses, and interconnect systems for high performance, harsh environment applications. Terms of the transaction were not disclosed.

NIC4, Inc., a subsidiary of Network Innovations, Inc., has acquired Knight Sky, LLC, a portfolio company of CCP Capital Strategies, LLC, and provider of full-service satellite networks and information technology services. Terms of the transaction were not disclosed.

Planet Labs, Inc., has agreed to acquire VanderSat B.V., a provider of advanced earth data and analytics solutions. The transaction is valued at $28.0 million.

Rocket Lab USA, Inc. (NasdaqCM: RKLB), has acquired Planetary Systems Corporation, a provider of mechanical separation systems and satellite dispensers. This transaction is valued at $68.5 million.

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Industry Week in Review – November 12, 2021

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KippsDeSanto & Co. Industry Week in Review – November 12, 2021

Industry Week in Review – November 12, 2021

M&A Transactions

Allied Motions Technologies Inc. (NASDAQ: AMOT) has acquired Alio Industries, Inc., a provider of advanced motion systems for nano-precision applications in government silicon photonics, micro assembly, digital pathology, genome sequencing, laser processing and microelectronics markets. The transaction is valued at $20.0 million.

 BAE Systems plc (LSE: BA.L) has agreed to acquire Bohemia Interactive Simulations s.r.o, a portfolio company of The Riverside Company and provider of simulation technologies and integrated training solutions for military and civilian organizations. Terms of the transaction were not disclosed.

 BlueHalo, LLC, a portfolio company of Arlington Capital Partners, has acquired Citadel Defense Co., a provider of advanced counter-unmanned aerial systems (cUAS) technology for the Department of Defense and Intelligence Community. Terms of the transaction were not disclosed.

Convergint Technologies, LLC, a portfolio company of Ares Management, L.P., has acquired Simpson Security Systems, Inc., a provider of security and special systems solutions. Terms of the transaction were not disclosed.

Duddell Street Acquisition Corp. (NASDAQ: DSAC), a special purpose acquisition company (SPAC), has agreed to combine with FiscalNote Holdings, Inc., a provider of regulatory and legal insights to government agencies and enterprises via artificial intelligence driven Software-as-a-Service. The transaction is valued at $1.3 billion.

Gemspring Capital has acquired AINS, Inc., a provider of case management software and IT services for the government sector. Terms of the transaction were not disclosed.

Pace Industries, LLC has acquired Jackson Die Cast LLC, a subsidiary of Metal Technologies of Indiana LLC and provider of aluminum high pressure die casting to automotive, commercial vehicle, powersports, lighting, lawn and garden, appliance, aerospace, defense, medical, and other markets. Terms of the transaction were not disclosed.

 Teleo Capital Management, LLC, has acquired Flatirons Solutions, Inc., a subsidiary of Presse Participations and provider of information and application management consulting services and solutions to the private and U.S. federal government markets. KippsDeSanto & Co. acted as financial advisor to Flatirons Solutions. Terms of the transaction were not disclosed.

 True Velocity, Inc., a subsidiary of True Velocity Ammunition, LLC, has acquired LoneStar Future Weapons, LLC, a subsidiary of Automatic Products Corp. and provider of next-generation defense solutions, including munitions and firearms. Terms of the transaction were not disclosed.

 Tyto Athene, LLC, a portfolio company of Arlington Capital Partners, has acquired Qbase, LLC, a provider of data management, analytics, and information technology services to the federal government. Terms of the transaction were not disclosed.

Viasat (Nasdaq: VSAT) has agreed to acquire Inmarsat, a portfolio company of Apax Partners, Warburg Pincus, the Canadian Pension Plan Investment Board, and the Ontario Teachers’ Pension Plan Board and provider of satellite-based communications services to shipping, aviation and government departments, including Britain’s Ministry of Defense. The transaction is valued at $7.3 billion.

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Industry Week in Review – November 5, 2021

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KippsDeSanto & Co. Industry Week in Review – November 5, 2021

Industry Week in Review – November 5, 2021

M&A Transactions

AE Industrial Partners has acquired Fire Team Solutions, LLC, a provider of cloud, cyber, and software development capabilities to the Department of Defense and Intelligence Community. Terms of the transaction were not disclosed.

Alliance Ground International, a portfolio company of Audax Private Equity & Greenbriar Equity Group, has acquired Maestro International Cargo, a provider of ground and ramp handling services at O’Hare International Airport. Terms of the transaction were not disclosed.

BlueVoyant, LLC, has acquired 202 Group, LLC, a provider of supply chain risk management solutions through Analytics-as-a-Service platforms. Terms of the transaction were not disclosed.

CACI International, Inc. (NYSE: CACI), has agreed to acquire SA Photonics, Inc., a provider of photonics technologies for free space optical communications to U.S. federal and commercial markets. The transaction is valued at $275.0 million.

DuPont de Numours, Inc. (NYSE: DD), has acquired Rogers Corporation (NYSE: ROG), a provider of engineered materials and components for mission-critical applications. The transaction is valued at $5.2 billion.

ICF International, Inc. (NASDAQ: ICFI), has acquired ESAC, Inc., a provider of research data management and healthcare information technology solutions for government, commercial, and academic markets. Terms of the transaction were not disclosed.

inTest Corporation has acquired Videology Imaging Solutions, Inc., a provider of design, development, and manufacturing of video, image acquisition, and display technologies to private sector and U.S. federal government markets. The transaction is valued at $12.0 million.

Jacob’s Engineering Group, Inc. (NYSE: J), has agreed to acquire BlackLynx, Inc., a portfolio company of Razor’s Edge Ventures and provider of global intelligence collection software solutions for national security and commercial markets. Terms of the transaction were not disclosed.

Macquarie Capital has acquired Procentrix, Inc., a provider of information technology solutions to federal civilian, defense, homeland, and state and local government markets. Terms of the transaction were not disclosed.

ManTech International Corporation (NASDAQ: MANT) has agreed to acquire Gryphon Technologies, Inc., a portfolio company of AE Industrial Partners and provider of engineering services with a focus on cyber security for Navy platforms and systems. The transaction is valued at $350.0 million.

Technology Service Corporation has acquired Praxis Products, LLC, a provider of SIGINT and wireless applications for defense and law enforcement markets. Terms of the transaction were not disclosed.

Vitesse Systems, a portfolio company of Trive Capital, has acquired Sterling Precision, Inc., a provider of components that enable the advancement of communication, radar, and electronic warfare systems. Terms of the transaction were not disclosed.

 Wencor Group, LLC, a portfolio company of Warburg Pincus, LLC, has acquired ASC International, Inc., a provider of distribution for hardware manufacturers focused primarily on aerospace fasteners, fittings, and hardware. Terms of the transaction were not disclosed.

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Industry Week in Review – October 22, 2021

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KippsDeSanto & Co. Industry Week in Review – October 22, 2021

Industry Week in Review – October 22, 2021

M&A Transactions

Alpine 4 Holdings, Inc. (Nasdaq: ALPP), has acquired Identified Technologies, a provider of 2D data, 3D volumetrics, orthomosaics, as-built versus as-planned comparisons, as well as progress and cost forecasting and change detection for industrial clientele. Terms of the transaction were not disclosed.

Atlantic Aviation Group Ltd., has acquired Lufthansa Technik Shannon Ltd., a subsidiary of Deutsche Lufthansa AG (XTRA: LHA) and provider of aircraft base maintenance and overhauls for the Boeing 737 Classic and NG families. Terms of the transaction were not disclosed.

CDW Corporation (NasdaqGS: CDW) has agreed to acquire Sirius Computer Solutions, Inc., a portfolio company of Clayton, Dubilier & Rice, Inc., and provider of secure, mission-critical technology-based solutions for approximately 3,900 large and mid-sized customers. The transaction is valued at $2.5 billion.

CGI Automated Manufacturing, a portfolio company of Core Industrial Partners, LLC, has acquired Advanced Laser Machining, a provider of metals-focused contract manufacturing solutions for a variety of end markets, including supercomputing, aerospace & defense, medical, transportation and industrials. Terms of the transaction were not disclosed.

Fastener Distribution Holdings, LLC, a portfolio company of Audax Private Equity, has acquired Stealth Aerospace, Inc., a provider of aerospace electrical and electro-mechanical components to commercial airline and air cargo customers. Terms of the transaction were not disclosed.

FIMI Opportunity Funds has acquired an 85% stake of Ashot Ashkelon Industries Ltd., a subsidiary of Elbit Systems, Ltd. (NasdaqGS: ESLT) and provider of jet engine shafts, gears, transmissions, gearboxes, high lift systems components, landing gear components and tungsten products for the aerospace and defense industries. The transaction is valued at $88 million.

Keysight Technologies, Inc. (NYSE: KEYS) has acquired SCALABLE Network Technologies, a provider of communications network simulation and modeling solutions for design, test, and analysis, as well as cyber assessment and training. Terms of the transaction were not disclosed.

Learning Technologies Group, plc. (LSE: LTG) has acquired GP Strategies Corp. (NYSE: GPX), a portfolio company of Sagard Capital Partners and provider of training, e-Learning solutions, management consulting. and engineering services. The transaction is valued at $406 million.

Platinum Equity Holdings has acquired Pelican Products, Inc., a provider of high-performance protective cases, temperature-controlled packaging solutions, advanced portable lighting systems and rugged gear for the Department of Defense. Terms of the transaction were not disclosed.

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Industry Week in Review – October 15, 2021

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KippsDeSanto & Co. Industry Week in Review – October 15, 2021

Industry Week in Review – October 15, 2021

M&A Transactions

Anser Advisory, a portfolio company of Sterling Investment Partners, has acquired Markon Solutions, a provider of tailored, comprehensive consulting solutions in support of national security customers. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Markon Solutions.

Arcline Investment Management has acquired Onboard Systems, Inc., a portfolio company of Liberty Hall Capital Partners and provider of external cargo equipment for military and civil helicopter applications. Terms of the transaction were not disclosed.

Calian Group Ltd. (TSX : CGY), has acquired SimFront Simulation Systems Corporation, a provider of simulation software solutions for the defense industry. The transaction is valued at $11.9 million.  

Cellebrite Di, Ltd. (Nasdaq: CLBT) has agreed to acquire Digital Clues AG, a provider of technology platforms that collect large volumes of data from several sources and use artificial intelligence to generate insights on suspected individuals or entities. Terms of the transaction were not disclosed.

Cerberus Capital Management, L.P.,  has acquired NetCentrics Corp., a portfolio company of  The Edgewater Funds and provider of network design, installation and management, software development, process improvement, and innovation. Terms of the transaction were not disclosed.

Facebook, Inc. (Nasdaq: FB) has acquired AI.Reverie, Inc., a provider of artificial intelligence services by primarily creating synthetic data to train machine learning models for the private sector and federal government. Terms of the transaction were not disclosed.

GTCR has agreed to acquire Lexipol, LLC, a portfolio company of The Riverside Company and provider of essential policy content, online training programs, grant services, health and wellness resources, and timely news and analysis to public safety agencies and local governments. Terms of the transaction were not disclosed.

Maury Microwave, Inc., a portfolio company of Artemis Capital Partners has acquired dBmCorp, Inc., a provider of test equipment and subsystems used in wireless telecommunications, satellite systems, and defense applications for research and development. Terms of the transaction were not disclosed.

Rocket Lab USA, Inc. (Nasdaq: RKLB), has acquired Advanced Solutions, Inc., a provider of mission proven space software, mission simulation and test systems, and Guidance, Navigation, and Control (“GNC”) to the private sectors and the U.S. federal government. The transaction is valued at $45.0 million.

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