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Industry Week in Review – October 8, 2021

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KippsDeSanto & Co. Industry Week in Review – October 8, 2021

Industry Week in Review – October 8, 2021

M&A Transactions

Valor Healthcare, Inc., a portfolio company of Trive Capital, has acquired CRAssociates, Inc. (“CRA”), a provider of Community-Based Outpatient Clinics (“CBOC”) for Veterans Affairs Medical Centers. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to CRA.

Arlington Capital Partners has agreed to acquire Systems Planning & Analysis, Inc. (“SPA”), a portfolio company of CM Equity Partners, L.P. (“CMEP”) and provider of systems engineering, modeling and simulation, advanced analytics, strategic advisory, industrial policy, and program management to government and defense customers in the United States and Australia. Terms of the transaction were not disclosed.

CGI Federal Inc., a subsidiary of CGI Group, Inc. (NYSE: GIB), has acquired Array Information Technology, Inc., a provider of IT solutions and products to the federal and commercial sectors. Terms of the transaction were not disclosed.

Cobham Advanced Electronic Solutions, a business unit of Cobham Ltd., a portfolio company of Advent International, has acquired Colorado Engineering Inc., a provider of off-the-shelf and custom-tailored solutions for hardware and software to the commercial, industrial, automotive, and military industries. Terms of the transaction were not disclosed.

CTFV Acquisition Corp., an affiliate of Veritas Capital Management, L.L.C., has acquired the Systems Engineering, Integration, and Support Services Business of Peraton Corp., a provider of systems engineering and integration products and services focusing on systems engineering, modeling, simulation, and architecture definition. Terms of the transaction were not disclosed.

dB Control, a subsidiary of HEICO Corporation (NYSE: HEI), has agreed to acquire Paciwave, Inc., a provider of radio frequencies (“RF”), microwave components, and integrated assemblies specializing in PIN Diode Switches, PIN Attenuators, PIN Limiters, switching assemblies, and integrated subsystems. Terms of the transaction were not disclosed.

Emko Capital LLC has acquired an undisclosed California-based aerospace and defense contractor, a provider of critical parts for some of the military’s most important airplanes. Terms of the transaction were not disclosed.

Equifax (NYSE: EFX) has agreed to acquire Appriss Insights, a portfolio company of Clearlake Capital Group, L.P. and Insight Partners and provider of data used in public and workplace safety, law enforcement, fraud detection and prevention, and healthcare credentialing. The transaction is valued at $1.8 billion.

Graycliff Partners has acquired CHawk Technology International, a provider of precision plastic and metal components and assemblies for the semiconductor capital equipment, aerospace, and medical device industries. Terms of the transaction were not disclosed.

Industrial Growth Partners has acquired APCT, Inc., a portfolio company of Angeles Equity Partners and provider of low volume, high mix advanced technology printed circuit boards, including multi-layer rigid, high density interconnect (“HDI”), rigid-flex, and flexible circuits. Terms of the transaction were not disclosed.

KLH Capital has acquired an undisclosed Precision Tank & Cylinder manufacturer, a provider of aluminum and composite-wrapped cylinders, tanks, and other components to original equipment manufacturer (“OEM”) customers in the consumer, defense, industrial, medical, and sporting goods industries. Terms of the transaction were not disclosed.

ManpowerGroup (NYSE: MAN) has acquired ettain Group, Inc., a portfolio company of Alvarez & Marsal and provider of recruitment solutions and managed solutions in five practice areas: technology, healthcare IT, digital, professional, and government. Terms of the transaction were not disclosed.

MasterPeace Solutions, Ltd., has acquired Full Suite Solutions, LLC., a provider of multi-disciplined information technology and professional services serving the private sectors and U.S. federal government. Terms of the transaction were not disclosed.

NetApp, Inc. (NASDAQ: NTAP), has agreed to acquire CloudCheckr, Inc., a provider of cloud optimization and management solutions. The transaction is valued at $930.0 million.

Raven Aerostar, a subsidiary of Raven Industries, Inc. (NASDAQ: RAVN), has acquired Loon, LLC, a subsidiary of Alphabet, Inc. (NASDAQ: GOOG.L), and provider of autonomous constellations of high-altitude balloons for communications. Terms of the transaction were not disclosed.

Voyager Space Holdings, Inc., has acquired Valley Tech Systems, Inc., a provider of controllable solid propulsion and open architecture airborne intelligence, surveillance, and reconnaissance (“ISR”) technologies. Terms of the transaction were not disclosed.

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Industry Week in Review – September 24, 2021

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KippsDeSanto & Co. Industry Week in Review – September 24, 2021

Industry Week in Review – September 24, 2021

M&A Transactions

Sedgwick Claims Management Services, Inc., has acquired Managed Care Advisors, Inc., a provider of workers’ compensation and specialty health plan products and services to the U.S. federal government. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Managed Care Advisors, Inc.

CI Capital Partners, LLC, has acquired The Cadmus Group, LLC, a portfolio company of Enlightenment Capital and provider of multi-disciplinary professional services to government agencies, utility, and commercial clients. Terms of the transaction were not disclosed.

Criterion Systems, Inc., has acquired Protas Solutions, Inc., a provider of information technology (“IT”) consulting specializing in data science, software engineering, and management consulting services. Terms of the transaction were not disclosed.

FLYHT Aerospace Solutions Ltd. (TSX-V: FLY), has acquired Water Vapor Sensing System (“WVSS-II”), a product line of SpectraSensors, a subsidiary of Endress+Hauser, Inc., and a provider of laser-based online field analytical instrumentation for process control and monitoring applications. The transaction is valued at $0.5 million.

GovExec, a portfolio company of Growth Catalyst Partners (“GCP”), has acquired Market Connections, Inc., a provider of primary market research services specializing in the technology and public sectors. Terms of the transaction were not disclosed.

Karman Missile & Space Systems, a portfolio company of Trive Capital Holdings, LLC, has acquired Systima Technologies, Inc., a provider of energetic systems for satellites and spacecraft that support U.S. national security missions and the next generation of American space exploration. Terms of the transaction were not disclosed.

Karman Missile & Space Systems, a portfolio company of Trive Capital Holdings, LLC, has acquired TMX Engineering and Manufacturing Corporation, a provider of precision machining of metal and composites for aerospace, medical, military, commercial, energy, and electronics industries. Terms of the transaction were not disclosed.

Latecoere S.A., a portfolio company of Searchlight Capital Partners, has acquired Shimtech de Mexico from Avantus Aerospace Ltd., a portfolio company of Inflexion and Auctus and provider of advanced, precision engineered structural composite assemblies and components, as well as a specialist in high strength aerospace fasteners, for the aerospace industry. Terms of the transaction were not disclosed.

Levine Leichtman Capital Partners has acquired In-Place Machining, LLC, a portfolio company of Platte River Equity and provider of high-acuity field machining, metrology, and diamond wire-cutting services for mission-critical infrastructure and equipment. Terms of the transaction were not disclosed.

Peraton Corporation, a portfolio company of Veritas Capital, has acquired the as-a-service (“aaS”) cloud business of ViON Corporation, a provider of IT infrastructure for public sector customers. Terms of the transaction were not disclosed.

Spire Global, Inc. (NYSE: SPIR), has agreed to acquire exactEarth Ltd. (TSX: XCT), a provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. The transaction is valued at $161.2 million.

White Wolf Capital, Inc., has acquired Weatherhaven Global Resources Ltd., a portfolio company of Fulcrum Capital Partners, Inc., and provider of rapid and redeployable mobile infrastructure for military operations. Terms of the transaction were not disclosed.

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Industry Week in Review – September 17, 2021

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

Industry Week in Review – September 17, 2021

M&A Transactions

ARCH Cutting Tools, LLC, a subsidiary of ARCH Global Precision,LLC, a portfolio company of The Jordan Company, L.P., has acquired CONTOUR360 Corp., a provider of high performance, precision made solid carbide round shank cutting tools for the aerospace, automotive, firearms, medical, power generation, and defense & government markets. Terms of the transaction were not disclosed.

Bluestone Investment Partners has acquired cBEYONData, Inc., a provider of professional services and solutions specializing in business process automation, cloud migrations, and agile project management. Terms of the transaction were not disclosed.

Capgemini SE (ENXTPA: CAP) has agreed to purchase VariQ Corp., a provider of software development, cybersecurity, and cloud services for United States federal government agencies. Terms of the transaction were not disclosed.

Cassavant Machining, LLC (CMI), a portfolio company of Gallant Capital Partners, LLC, has acquired Systems 3, Inc. from Stevens Manufacturing Co., a subsidiary of Essex Industries, Inc., and a provider of flight critical components to the aerospace and defense industries. Terms of the transaction were not disclosed.

Contegix, LLC, has acquired Ascend Integrated Technology Solutions, Inc., a provider of advanced system solutions for Agile, DevOps, and system implantation needs for government and commercial markets. Terms of the transaction were not disclosed.

Document Storage Systems, Inc. (DSS, Inc.), has acquired SBG Technology Solutions, Inc., a provider of IT modernization, cyber security, and Artificial Intelligence (AI) services to government and commercial markets. Terms of the transaction were not disclosed.

Dover Corp., Inc. (NYSE: DOV), has acquired The Espy Corporation, a provider of advanced electronic radio frequency sensor systems used to detect, record, analyze and geolocate signals. Terms of the transaction were not disclosed.

Equitix Investment Management Ltd. has acquired the combined stake of Rolls-Royce (LSE: RR) and Babcock (LSE: BAB) in AirTanker Holdings Ltd., a provider of air-to-air refueling services to Britain’s Royal Air Force. The transaction is valued at approximately $435 million.

Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company, Inc., a provider of naval valves and electromechanical actuators. Terms of the transaction were not disclosed.

Osprey Technology Acquisition Corp. (NYSE: SFTW), a special purpose acquisition company (SPAC), has completed its combination with BlackSky Holdings, Inc., a provider of real-time geospatial intelligence into a new business entity BlackSky Technology, Inc. (NYSE: BKSY). The transaction is valued at approximately $283 million.

Raytheon Intelligence & Space, a subsidiary of Raytheon Technologies Corporation (NYSE: RTX), has agreed to acquire SEAKR Engineering, Inc., a provider of space qualified state-of-the-art electronics for advanced processors, networked systems, reconfigurable Radio Frequency (RF) and Electro-Optical (EO) payloads, and digital channelizers / beamformers. Terms of the transaction were not disclosed.

Sagewind Capital, LLC, has invested in Federal Advisory Partners, a provider of strategic consulting to government and commercial markets. Terms of the transaction were not disclosed.

UAV Factory USA, a subsidiary of UAV Factory SIA, a portfolio company of AE Industrial Partners, has acquired Jennings Aeronautics, Inc., a provider of small Unmanned Aerial Systems (SUAS) for commercial and U.S. federal government markets. Terms of the transaction were not disclosed.

Vertex Aerospace, a portfolio company of American Industrial Partners, has agreed to acquire Raytheon Technologies’ Defense Training and Mission Critical Solutions Business Lines, providers of training and sustainment services and products to the defense and commercial aerospace industries. Terms of the transaction were not disclosed.

 Woolpert, Inc., has acquired Optimal GEO, Inc., a provider of photogrammatic mapping, orthoimagery, lidar, and GIS data to defense and federal intelligence communities. Terms of the transaction were not disclosed.

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Industry Week in Review – September 10, 2021

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

Industry Week in Review – September 10, 2021

M&A Transactions

Communications & Power Industries, LLC, a subsidiary of CPI International, LLC, a portfolio company of Odyssey Investment Partners, LLC, has acquired L3Harris Electronic Space Systems Corp., a subsidiary of L3Harris Technologies, Inc. (NYSE: LHX) and a provider of ground-based radomes, reflectors, radio frequency composite structures, and high-precision antenna systems. Terms of the transaction were not disclosed.

Fastener Distribution Holdings, a portfolio company of Audax Private Equity, has acquired Madison Aerospace, Inc., a provider of high-performance Army-Navy (“AN”), military standard (“MS”), National Aerospace Standard (“NAS”), and Per Print Specials, as well as specialty fasteners and aircraft parts for private and U.S. federal government markets. Terms of the transaction were not disclosed.

Guidehouse Holding Corp., a portfolio company of Veritas Capital, has agreed to acquire Dovel Technologies, a portfolio company of Macquarie Capital and a provider of advanced data analytics, artificial intelligence, and enterprise modernization. Terms of the transaction were not disclosed.

High Street Capital has acquired NeoSystems, LLC, a provider of managed and IT systems integration services to the government contractor market. Terms of the transaction were not disclosed.

Quantic Electronics, a portfolio company of Arcline Investment Management, has acquired ECI Transcon Technologies, a provider of passive magnetic components for a wide range of end markets, including aerospace, automotive, avionics, communications, consumer, industrial controls, marine, medical, military, and power supplies. Terms of the transaction were not disclosed.

Quantic Electronics, a portfolio company of Arcline Investment Management, has acquired Paktron Capacitors, LLC, a portfolio company of Milestone Partners and a provider of polymer film capacitor products, including miniature radial leaded capacitors, lead-frame capacitors, surface mount chip capacitors, and resistor-capacitor network snubbers. Terms of the transaction were not disclosed.

Red Cat Holdings, Inc. (NASDAQ: RCAT), has completed its acquisition of privately held Teal Drones, Inc., a provider of commercial and government unmanned vehicle technology. Terms of the transaction were not disclosed.

Thoma Bravo, LLC has acquired Proofpoint, Inc. (NASDAQ: PFPT), a provider of enterprise security software as a service (“SaaS”) and software solutions. The transaction is valued at approximately $12.3 billion.

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Industry Week in Review – September 3, 2021

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

Industry Week in Review – September 3, 2021

M&A Transactions

Ansys, Inc. (NASDAQ: ANSS), has agreed to acquire Zemax, LLC, a portfolio company of EQT Partners AB, a provider of high-performance optical imaging software solutions for simulating next-generation optical and photonics products. Terms of the transaction were not disclosed.

Atos SE (ENXTPA: ATO), has completed its acquisition of cv cryptovision GmbH, a provider of cryptography and electronic identity solutions for applications in the defense, government, and private sector markets. Terms of the transaction were not disclosed.

CAE USA, a subsidiary of CAE, Inc. (NYSE: CAE), has acquired a minority stake in SkyWarrior Flight Training, Inc., a provider of aviation training for both military and civil pilots. Terms of the transaction were not disclosed.

Collins Aerospace, a subsidiary of Raytheon Technologies (NYSE: RTX), has agreed to acquire FlightAware, a provider of global flight tracking solutions, predictive technology, and analytics and decision-making tools. Terms of the transaction were not disclosed.

GovExec, a portfolio company of Growth Catalyst Partners, has acquired Public Sector 360 Group, a subsidiary of 1105 Media, Inc., a provider of information, insights, and lead generation for the government technology community. Terms of the transaction were not disclosed.

Granicus, Inc., a portfolio company of Harvest Partners LP, Vista Equity Partners, LLC, and K1 Investment Management, has acquired WebQA, Inc., a provider of cloud-based SaaS public records and compliance workflow solutions. Terms of the transaction were not disclosed.

Keystone Peer Review Organization, Inc., a portfolio company of Apax Partners, has acquired eQHealth Solutions, LLC, a provider of health management and healthcare cloud-based solutions and services. Terms of the transaction were not disclosed.

Latecoere S.A., a portfolio company of Searchlight Capital Partners, has acquired Technical Airborne Components Industries, a portfolio company of Searchlight Capital Partners, a provider of control, structural, and system rods for the aerospace industry. Terms of the transaction were not disclosed.

Palantir Technologies, Inc. (NYSE: PLTR), has agreed to make an equity investment in BlackSky Holdings, Inc., a provider of real-time geospatial intelligence. Investment is scheduled to close upon successful merger of BlackSky with Osprey Technology Acquisition Corp. (NYSE: SFTW), a special purpose acquisition company. Terms of the transaction were not disclosed.

Precinmac Precision Machining, a portfolio company of Pine Island Capital Partners, LLC, has acquired Major Tool and Machine, Inc., a provider of large format machining, fabrication, assembly services, and design for manufacturing assistance. Terms of the transaction were not disclosed.

Quarterhill, Inc. (TSX: QTRH), has completed its acquisition of Electronic Transaction Consultants, LLC, a portfolio company of Align Capital Partners, a provider of intelligent transportation systems and services for state and local agencies. The transaction is valued at $120.0 million.

Quantic Electronics, a portfolio company of Arcline Investment Management, has acquired X-Microwave, LLC, a provider of modular RF and microwave design systems for the private sector and the U.S. federal government. Terms of the transaction were not disclosed.

Redwire, LLC, a portfolio company of AE Industrial Partners, LP, has completed its busine

Spartronics, LLC, a portfolio company of One Equity Partners, LLC, has acquired Inovar, Inc., a provider of engineering, manufacturing, product assemblies and aftermarket services for OEM manufacturers in the aerospace, defense, medical, and industrial markets. Terms of the transaction were not disclosed.

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Industry Week in Review – August 27, 2021

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KippsDeSanto & Co. Industry Week in Review – August 27, 2021

Industry Week in Review – August 27, 2021

M&A Transactions

Customer Value Partners, Inc. has acquired Atlas Research, LLC, a provider of strategic consulting and health services research and analysis to federal government, commercial, higher education, and non-profit markets. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Atlas Research, LLC.

Arlington Capital Partners has agreed to acquire MCR, LLC, a portfolio company of Harrison Street Capital, LLC and a provider of cost analysis and engineering and software development of defense, intelligence, and civilian government agencies. Terms of the transaction were not disclosed.

ATL Partners has acquired GEOST, Inc., a provider of services in active and passive optical remote sensing, offering expertise in all phases of project development for electro-optics and sensors. Terms of the transaction were not disclosed.

Comcast Corp. (NASDAQ: CMCSA) has agreed to acquire Defined Technologies, LLC, a subsidiary of Micro Technologies, LLC and a provider of IT and telecommunications solutions and services. Terms of the transaction were not disclosed.

Fincantieri – Cantieri Navali Italiani S.p.A. is in talks to acquire Oto Melara S.p.A., a subsidiary of Leonardo S.p.A. (BIT: LDO) and a provider of small and medium caliber naval guns. Terms of the transaction were not disclosed.

InVeris Training Solutions, Inc., a portfolio company of Pine Island Capital Partners, has acquired SURVIVR PBC, a provider of virtual reality-based augmented law enforcement and defense training simulations. Terms of the transaction were not disclosed.

NextGen Acquisition Corp. II (NasdaqCM: NGCA), a special purpose acquisition company, entered into a definitive agreement with Virgin Orbit, LLC, a provider of proprietary air-launch liquid-fueled rocket technology used to place satellites into orbit. The transaction is valued at $3.2 billion.

Two Six Technologies, LLC, a portfolio company of The Carlyle Group (NASDAQ: CG), has acquired Trusted Concepts, Inc., a provider of high-end technology services to federal and commercial markets. Terms of the transaction were not disclosed.

VTG, a portfolio company of The Jordan Company, L.P., has acquired ASSETT, Inc., a provider of undersea warfare and unmanned systems technologies. Terms of the transaction were not disclosed.

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Industry Week in Review – August 20, 2021

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KippsDeSanto & Co. Industry Week in Review – August 20, 2021

Industry Week in Review – August 20, 2021

M&A Transactions

Quantic Corporate Holdings, Inc., a portfolio company of Arcline Investment Management, LP, has acquired BEI Precision Systems & Space Company, Inc., a portfolio company of J.F. Lehman & Co., a provider of highly accurate, resilient, and reliable position feedback sensors and frequency reference technologies for mission-critical space, land, air, and sea applications. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to J.F. Lehman & Co.

BlueHalo, a portfolio company of Arlington Capital Partners, has agreed to acquire Intelligent Automation, Inc., a provider of advanced technology development and solutions to the Department of Defense and commercial markets. Terms of the transaction were not disclosed.

Castellum, Inc., has acquired Specialty Systems, Inc., a provider of information systems and software solutions to private, federal, and state and local governments. Terms of the transaction were not disclosed.

KBR, Inc. (NYSE: KBR), has acquired Frazer-Nash Consultancy, a provider of systems engineering and technical services to private and government markets. The transaction is valued at $400.0 million.

Phantom Space Corporation has acquired Micro Aerospace Solutions, Inc., a provider of space communications systems, space propulsion systems, and electrical hardware design for spacecraft and rockets. Terms of the transaction were not disclosed.

Spectra A&D Holdings, LLC, a portfolio company of Vance Street Capital, LLC, has acquired Galleon Embedded Computing AS, a provider of advanced Commercial-Off-The-Shelf (COTS)-based embedded computing solutions. Terms of the transaction were not disclosed.

Vetegrity, LLC has acquired Db2, Inc., a provider of systems engineering, software engineering, and project management services to the federal government. Terms of the transaction were not disclosed.

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Industry Week in Review – August 13, 2021

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KippsDeSanto & Co. Industry Week in Review – August 13, 2021

Industry Week in Review – August 13, 2021

M&A Transactions

ECS, a segment of ASGN, Inc. (NYSE: ASGN), has acquired Enterprise Resource Performance, Inc. (“ERPi”), a provider of IT solutions, data analytics, artificial intelligence, and healthcare domain expertise to government agencies. Terms of the transaction were not disclosed.  KippsDeSanto & Co. acted as financial advisor to ERPi.

Audax Private Equity has acquired a minority stake in Team Cymru, Inc., a provider of cybersecurity tools and threat intelligence feeds for commercial, defense, and intelligence markets. Terms of the transaction were not disclosed.

Bain Capital has agreed to acquire Industria de Turbo Propulsores S.A., a subsidiary of Rolls-Royce PLC and a provider of gas turbine engines used in aerospace (both fixed-wing and rotary-wing), naval, energy generation, and other industrial applications. Terms of the transaction were not disclosed.

CAE, Inc. (NYSE: CAE) has acquired Global Jet Services, Inc., a provider of professional development, safety training, and airframe, powerplant, and avionics training services for the private and U.S. Federal Government aviation markets. Terms of the transaction were not disclosed.

Delta Information Systems, Inc. has acquired Wideband Systems, Inc., a provider of subtle, custom-designed recording devices and standard, off-the-shelf products for the aerospace, communications, and intelligence markets. Terms of the transaction were not disclosed.

Endeavour Capital has acquired Forrest Machining, Inc., doing business as FMI Aerostructures and a provider of critical structural components and assemblies for the aerospace and defense industry. Terms of the transaction were not disclosed.

GovExec, a portfolio company of Growth Catalyst Partners (“GCP”), has acquired GovTribe, Inc., a provider of market intelligence and capture tools for federal government contractors via an online platform. Terms of the transaction were not disclosed.

GovOS, a subsidiary of Kofile, a portfolio company of Audax Private Equity, has acquired MUNIRevs, LLC, a provider of automated business revenue collection for towns, cities, and states across the United States. Terms of the transaction were not disclosed.

Halfaker and Associates, LLC, a subsidiary of Science Applications International Corp. (“SAIC”) (NYSE: SAIC), has acquired a minority stake in CivitasDX, LLC, a joint venture of Cognitive Medical Systems and Agile Six Applications, Inc. and a provider of software solutions to the Department of Veterans Affairs.  Terms of the transaction were not disclosed.

Leonardo DRS has acquired Ascendant Engineering Solutions, a provider of high-performance, stabilized, and multi-sensor gimbal systems. Terms of the transaction were not disclosed.

Riordan, Lewis & Haden has acquired a minority stake in Keystone Strategy, LLC, a provider of advisory services to enterprise and government agencies on strategic and regulatory challenges.  The minority stake is valued at $100.0 million.

TransDigm Group, Inc. has made an unsolicited offer to Acquire Meggitt plc, a provider of high performance components and systems for aerospace and defense, with capabilities in sensors, engine condition monitoring, avionics, air data systems, fire-proof cabling, ignition, environmental and fluid control, brakes and wheels and anti-skid systems, aerial and ground targetry, countermeasures and ammunition-handling.  The offer is valued at $9.73 billion.

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Industry Week in Review – August 6, 2021

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KippsDeSanto & Co. Industry Week in Review – August 6, 2021

Industry Week in Review – August 6, 2021

M&A Transactions

Arlington Capital Partners has agreed to acquire L3Harris Technologies’ Electron Devices and Narda Microwave-West Divisions,  providers of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets. The transaction is valued at $185.0 million.

Avian, Inc. has acquired redUAS, LLC, a provider of counter-UAS (C-UAS) training and tactics. Terms of the transaction were not disclosed.

Broadtree Partners, LLC has acquired Sayres and Associates Corporation, a provider of acquisition, engineering, security, and training support services to the Department of Defense. Terms of the transaction were not disclosed.

C&K Components, LLC, a portfolio company of Sun Capital Partners, has agreed to acquire E.I.S Electronics GmbH, a provider of electrical wiring interconnection systems (EWIS) for avionics, defense and aerospace applications. Terms of the transaction were not disclosed.

 Castellum Inc. has acquired Merrison Technologies, LLC, a provider of business intelligence and system integration of large-scale enterprise acquisition, legal, financial, human resource, and travel systems. Terms of the transaction were not disclosed.

 Counter Threat Solutions, LLC has acquired Quantitative Analytics, LLC, a provider of program management, data analytics, logistics and air operations, and financial management services to military, government, and commercial customers. Terms of the transaction were not disclosed.

 Haivision Systems, Inc. has acquired Cinemassive Displays, a provider of visual collaboration solutions for mission-critical environments. Terms of the transaction were not disclosed.

 IntelliBridge LLC has acquired U.Group, a provider of solutions which are utilized by government agencies, to streamline business processes and to analyze data in real time. Terms of the transaction were not disclosed.

 PCX Aerostructures, LLC, a portfolio company of Greenbriar Equity Group, L.P., has acquired Integral Aerospace, LLC, a portfolio company of Admiralty Partners, Inc., a provider of flight-critical products for military and commercial aircraft and offers complete, design-through-delivery capability for full-up aircraft, rotorcraft, and unmanned aerial vehicle (UAV) landing gear systems. Terms of the transaction were not disclosed.

Parker Hannifin Corporation has agreed to acquire Meggitt PLC, a provider of high-performance components and systems for aerospace and defense, with capabilities in sensors, engine condition monitoring, avionics, air data systems, fire-proof cabling, ignition, environmental and fluid control, brakes and wheels and anti-skid systems, aerial and ground targetry, countermeasures and ammunition-handling. The transaction is valued at $8.8 billion.

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Industry Week in Review – July 23, 2021

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KippsDeSanto & Co. Industry Week in Review – July 23, 2021

Industry Week in Review – July 23, 2021

M&A Transactions

Avantus Federal, a NewSpring Capital portfolio company, has acquired Occam’s Razor Technologies, LLC., a provider of technologies, cyber tools, and integrated software solutions to private intelligence and defense communities. Terms of the transaction were not disclosed. KippsDeSanto acted as exclusive financial advisor to Occam Razor Technologies, LLC.
ECS Federal, LLC, a segment of ASGN Inc., (NYSE: ASGN) has acquired IndraSoft, Inc., a provider of cybersecurity and digital transformation solutions to the federal government. Terms of the transaction were not disclosed.
Hartzell Propeller, Inc., a portfolio company of private equity firm Tailwind Technologies, Inc., has acquired the assets of Tanis Aircraft Products, a provider of engine preheat systems for fixed and rotary wing aircraft. Terms of the transactions were not disclosed.
H.I.G. Private Equity has agreed to acquire Oxford Global Resources, LLC, a subsidiary of ASGN, Inc., (NYSE: ASGN) a provider of on-demand high-end consulting talent for information technology (“IT”), engineering, healthcare, and life sciences clients. Terms of the transaction were not disclosed.  
 
LUMIBIRD S.A. has agreed to acquire Orano S.A.’s 37% stake in Cie. Industrielle des Lasers (“CILAS”), a provider of laser and optics technology. Terms of the transaction were not disclosed.
 
Platinum Equity Holdings (“PEH”), a private equity firm has agreed to acquire Unical Aviation, Inc. and certain of the company’s affiliates from affiliates of the company’s founders, a provider of aircraft parts and components to the global commercial aerospace market. Terms of the transaction were not disclosed.
 
Shield AI, Inc. has acquired Heron Systems, Inc., a provider of cutting-edge AI to build technological supremacy that solves modern war-fighting problems. Terms of the transaction were not disclosed.
 
SINTX Technologies, Inc. (NASDAQ: SINT) has agreed to acquire privately held B4C, LLC., a provider of Boron Carbide, a ceramic material used in the manufacture of protective body armor plates. Terms of the transaction were not disclosed.
 
The Hatcher Group, a full-service communications and marketing firm, acquired the Horne Creative Group, a digital marketing firm that has worked with various federal agencies including the Department of Health and Human Services, Indian Health Services and Social Security Administration. Terms of the transaction were not disclosed.
Tracker Capital Management, LLC, an early-stage investment firm, has made an investment in Accion Systems, Inc., a provider of advanced ion electrospray in-space propulsion systems. The transaction is valued at $42 million.

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