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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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Industry Week in Review – July 9, 2021

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KippsDeSanto & Co. Industry Week in Review – July 9, 2021

Industry Week in Review – July 9, 2021

M&A Transactions

Arcline Investment Management LP has acquired a controlling stake in Air Comm Corp. (“ACC”), a provider of environmental control systems (“ECS”), thermal management systems, and other accessories for the aerospace and defense industry. The transaction is valued at $250 million.

BlueHalo, LLC, a portfolio company of Arlington Capital Partners, has acquired Design and Development Engineering Services Corporation, a provider of radiation-hardened, space-qualified electronic systems. Terms of the transaction were not disclosed.

Chumash Capital Investments, LLC has acquired Capco, LLC, a provider of mission-critical energetic devices and mechanical systems for military applications worldwide. Terms of the transaction were not disclosed.

GovernmentCIO, a portfolio company of Welsh, Carson, Anderson & Stowe (“WCAS”) has agreed to acquire Salient CRGT, Inc. (“SCRGT”), a portfolio company of Bridge Growth Partners and Frontenac, a provider of data analytics, cloud, agile software development, cybersecurity, and infrastructure solutions to U.S. national security, federal civilian, and federal health agencies.

HEICO Corporation (NYSE: HEI) has agreed to acquire 89% of Ridge Engineering, Inc. and The Bechdon Company, Inc. from Breidon, Inc. Ridge Engineering, Inc. is a provider of high-tolerance machining and brazing of large-sized parts in mission-critical defense and aerospace applications, whereas The Bechdon Company Inc. is a provider of machining, fabrication, and welding services for aerospace, defense, and other industrial applications. Terms of the transaction were not disclosed.

Huntington Ingalls Industries, Inc. (NYSE: HII) has agreed to acquire Alion Science and Technology, a portfolio company of Veritas Capital Fund Management, LLC, a provider of advanced engineering, research, and development services in the areas of intelligence, surveillance, and reconnaissance as well as military training and simulation, cyber solutions, and data analytics. The transaction is valued at $1.65 billion.

MetOcean Telematics Limited has acquired the OmniCom Vessel Management Systems (“VMS”) and Fleet Management Solutions (“FMS”) businesses of Orolia Holding SAS, a portfolio company of Eurazeo SE. These businesses provide fleet management technology designed to bring constant connectivity to customers, businesses, vessels, and crew while at sea. Terms of the transaction were not disclosed.

Micross Components, Inc., a portfolio company of Behrman Capital, L.P. has acquired the microelectronics business from Ultra CEMS, a subsidiary of Ultra Electronics Holdings plc. (LSE: ULE), a provider of safety critical, high reliability, low-to-medium volume Contract Electronics Manufacturing Solutions (“CEMS”). Terms of the transaction were not disclosed.

Nettar Group, Inc., doing business as Satellogic, backed by CF Acquisition Corp. V (CFAC V) will form a publicly traded special purpose acquisition company (“SPAC”), as a provider of vertically integrated geospatial analytics. The transaction is valued at $850 million.

Omega Optical Holdings, a portfolio company of Artemis Capital Partners, LLC, has acquired Spectral Systems, Inc., a provider of mission-critical infrared optical coatings, components, and assemblies. Terms of the transaction were not disclosed.

Planet Labs Inc. backed by dMY Technology Group, Inc. will form a SPAC, as a provider of daily data and insights about Earth. The transaction is valued at $2.8 billion.

 Thales S.A. (ENXTPA: HO) has agreed to acquire the ground-based navigation aids business of Moog, Inc. (NYSE: MOG.A), a provider of ground and ship-based radio frequency navigation beacons and related antennas for military and civilian applications. Terms of the transaction were not disclosed.

Valiant Integrated Services, LLC, a portfolio company of The GC Companies, LLC has acquired Alliance Technical Services (“ATS”), Inc., a provider of mechanical system overhaul and repair, equipment installation, manufacturing and fabrication, and technical support for marine mechanical systems. Terms of the transaction were not disclosed.

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Industry Week in Review – July 2, 2021

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KippsDeSanto & Co. Industry Week in Review – July 2, 2021

Industry Week in Review – July 2, 2021

M&A Transactions

Air One Aviation Ltd has acquired Quadrant Systems Ltd (“QSL”) from Quadrant Group Ltd., a provider of services that address third party training, pilot shortages, aircraft life extensions and technology enhancements. Terms of the transaction were not disclosed.

 Amazon Web Services, Inc. (“AWS”), a business of publicly held Amazon.com, Inc. (NASDAQ: AMZN), has acquired privately held Wickr, Inc., a provider of end-to-end encrypted messaging solutions used by individuals, government agencies, and enterprises. Terms of the transaction were not disclosed.

Blackhawk Modifications, Inc., doing business as Blackhawk Aerospace, has acquired all assets of Columbia Avionics & Aircraft Services, Inc., a provider of Supplemental Type Certificates (STCs) for avionics packages for Cessna Citations and other business jets. Terms of the transaction were not disclosed.

 Blue Delta Capital Partners has made an investment in privately held Client Solution Architects, LLC (“CSA”), a provider of digital transformation services and solutions to U.S. Federal Government customers, particularly for Defense Department clients. Terms of the transaction were not disclosed.

 CSA, a portfolio company of Blue Delta Capital Partners, has acquired Capstone, LLC., a provider of operational and technical services for military and civil operations, enterprise technical requirements, and organization and mission support services. Terms of the transaction were not disclosed.

 Due West Partners, LLC has made an investment in Sagetech Avionics, Inc., a portfolio company of private equity firm Columbia River Partners, LLC., a provider of industry-leading avionics solutions for Uncrewed Aerial Systems. The transaction is valued at $12 million.

 H.I.G. Capital, LLC has agreed to acquire Oxford Global Resources, LLC, a subsidiary of ASGN Incorporated (NYSE: ASGN), providers of IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. The transaction is valued at $530 million.

 Infrastructure Acquisition Partners, LLC, a joint venture of Oslo, Norway-based Cleaves Invest AS and Chicago-based Foundry Mountain Infrastructure Partners, LLC, has acquired Fraser Industries, LLC from Capstan Corp., a provider of maritime construction and engineering services. Terms of the transaction were not disclosed.

 Meta Aerospace Management, LLC, a portfolio company of private equity firm Oaktree Capital Management, L.P., has acquired Special Applications Group, LLC., a provider of mission-critical tactical helicopter training, operational planning, and support services to domestic and allied military agencies and government organizations. Terms of the transaction were not disclosed.

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Industry Week in Review – June 25, 2021

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KippsDeSanto & Co. Industry Week in Review – June 25, 2021

Industry Week in Review – June 25, 2021

M&A Transactions

Enlightenment Capital has made a strategic investment in Fenix Group, Inc., a provider of innovative, band-agile closed loop carrier grade (4G / LTE and 5G) networks supporting battlefield communication and sensor ecosystems with advanced sensor endpoints for the defense, intelligence, and disaster response sectors. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Fenix Group.

Agile Space Industries, Inc. has acquired Tronix, LLC (dba Tronix3D), a provider of precision aerospace and defense additive manufacturing. Terms of the transaction were not disclosed.

Banyan Software Inc. has acquired HealthRx Corporation, a provider of occupational health and safety solutions suited to the wide ranging and specific needs of public and private biomedical research facilities. Terms of the transaction were not disclosed.

Broadstone Acquisition Corp. (NYSE: BSN) has agreed to acquire Vertical Aerospace Group Ltd., a provider of electric Vertical Take-Off and Landing (“eVTOL”) aircraft. The transaction is valued at $1.8 billion.

CNH Industrial NV (NYSE: CNHI) has acquired Raven Industries, Inc. (NASDAQ: RAVN), a provider of high-performance specialty films and aerospace and defense solutions. The transaction is valued at $2.1 billion.

Forcepoint, a portfolio company of Francisco Partners Management, LLC, has agreed to acquire Deep Secure Ltd, a provider of cybersecurity products and services that help protect against covert data loss. Terms of the transaction were not disclosed.

General Atomics Corp. has acquired Synopta GmbH, a provider of complex opto-electronic instrumentation for space and terrestrial applications. Terms of the transaction were not disclosed.

Godspeed Capital Management LP has acquired Brockenbrough & Associates, LLC, a provider of architecture, engineering, and surveying services for federal, state, and municipal government clients. Terms of the transaction were not disclosed.

Granicus, Inc., a portfolio company of Vista Equity Partners, has acquired Bang the Table Pty Ltd, a subsidiary of Bang The Table USA LLC, and a provider of multichannel delivery platforms that enable intuitive, predictive, and personalized digital experiences for government clients. Terms of the transaction were not disclosed.

 Granicus, Inc., a portfolio company of Vista Equity Partners, has acquired OpenCities Pty Ltd, a subsidiary of Opencities Inc., and a provider of a fully integrated, drag-and-drop customer experience platform, helping agencies rapidly digitize, track, and improve every step of their journey. Terms of the transaction were not disclosed.

HEICO (NYSE: HEI) has acquired the Operating Assets of Camtronics, LLC, a provider of repair services for antennas, actuation, and electro-mechanical components for aircraft MRO services. Terms of the transaction were not disclosed.

Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing LLC, a provider of highly engineered metalized fabrics used in electromagnetic (“EMI”) and radio frequency interference (“RFI”) shielding applications. Terms of the transaction were not disclosed.

Koniag, Inc. has acquired TecPro, Ltd. (dba TecPro Solutions), a provider of industrial electrical and security video (CCTV) solutions and electrical contracting services. Terms of the transaction were not disclosed.

LookingGlass Cyber Solutions, Inc., a portfolio company of NewSpring Capital, has acquired AlphaWave, a provider of attack surface management for cybersecurity applications. Terms of the transaction were not disclosed.

Mirion Technologies, Inc., backed by Goldman Sachs Acquisition Holdings Corp II, will form a publicly traded special purpose acquisition company (“SPAC”), as a provider of design, manufacturing, and delivery of radiation detection products to nuclear power, medical, and military markets. The transaction is valued at $1.7 billion.

 Oneida Research Services, Inc. has acquired the Internal Gas Analysis division of Atlantic Analytical Laboratory, Inc., a provider of gas analysis testing for qualifying electronic components for military, space, telecom, and medical applications. Terms of the transaction were not disclosed.

 Parsons has agreed to acquire BlackHorse Solutions, Inc., a provider of electronic warfare and digital manipulation solutions to the defense market. The transaction is valued at $203 million.

Perimeter Solutions, Inc., backed by EverArc Holdings Ltd., will form a publicly traded SPAC, as a provider of high-quality firefighting products and lubricant additives. The transaction is valued at $2.0 billion.

Rafaut Group, a portfolio company of HLD Group, has acquired Alkan Group, a provider of carriage systems, including attachment devices, multi-store carriers, release units, ejectors, pylons/masts; chaff & flare systems; and ground support equipment, including winches, benches, and trolleys. Terms of the transaction were not disclosed.

ShoreView Industries has agreed to invest in Aeronix, Inc. a provider of data transfer, signal analysis, and communications products and related engineering services primarily to the defense industry, including ruggedized ethernet switches. Terms of the transaction were not disclosed.

Versar, Inc., a portfolio company Kingswood Capital Management, LLC, has acquired the environmental services business unit (“BVESB”) of Black & Veatch, a provider of remediation, investigation, assessment, and design services for federal government agencies. Terms of the transaction were not disclosed.

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Industry Week in Review – June 11, 2021

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KippsDeSanto & Co. Industry Week in Review – June 11, 2021

Industry Week in Review – June 11, 2021

M&A Transactions

Airbus Helicopters, a subsidiary of Airbus SE (Paris: AIR.PA; Berlin: AIR.BE; Madrid: AIR.MC), has agreed to acquire ZF Luftfahrttechnik GmbH, a provider of helicopter transmission systems, as well as geared applications for fixed-wing aircraft and engines.  Terms of the transaction were not disclosed.
 
Angeles Equity Partners, LLC has acquired Primus Aerospace, a provider of complex precision components for the aerospace, defense, and space (“AD&S”) sectors.  Terms of the transaction were not disclosed.
 
Astra Space, Inc. has agreed to acquire Apollo Fusion, Inc., a provider of state-of-the-art Hall electric ion thruster propulsion systems for a variety of government and commercial satellite programs.  The transaction is valued at $145.0 million.
 
Genasys, Inc. has acquired Zonehaven, Inc., a provider of planning, training, and resources to first responders, public safety agencies, and communities to manage evacuations and repopulations successfully.  Terms of the transaction were not disclosed.
 
GigCapital4 Inc. has agreed to acquire BigBear.ai, a portfolio company of AE Industrial Partners and a provider of artificial intelligence and machine learning, advanced analytics, data science, and management to U.S. government clients.  The transaction is valued at $1.6 billion.
 
GWS Tool Group, LLC, a portfolio company of L Squared Capital Partners, LLC, has acquired Indexable Cutting Tools of Canada, Inc., a provider of ceramic polycrystalline diamond (“PCD”) and cubic boron nitride (“CBN”) inserts.  Terms of the transaction were not disclosed.
 
JHNA has acquired Technology Security Associates (“TSA”), a provider of cybersecurity, anti-tamper, and platform security services protecting DoD systems and information.  Terms of the transaction were not disclosed.  
 
KKR & Co. L.P. has agreed to acquire Atlantic Aviation FBO Holdings, LLC, a subsidiary of Macquarie Infrastructure Corp. (“MIC”) (NYSE: MIC) and a provider of a full suite of critical services to the private aviation sector.  The transaction is valued at $4.5 billion.
 
Parsons Corporation has agreed to acquire BlackHorse Solutions, Inc., a provider of solutions and products that address next-generation military, intelligence, and space operations.  The transaction is valued at $203.0 million.
 
Spartacus Acquisition Corp. has agreed to acquire NextNav, LLC, a provider of next-generation geolocation solutions.  The transaction is valued at $900.0 million. 
 
System One Holdings, LLC, a portfolio company of Thomas H. Lee Partners, L.P., has acquired Quadel Consulting and Training, LLC, a portfolio company of Bluestone Investment Partners and a provider of outsourced program management, contract administration, disaster recovery, consulting, training, and educational purposes.  Terms of the transaction were not disclosed.

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Industry Week in Review – February 5, 2021

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

Industry Week in Review – February 5, 2021

M&A Transactions

Intellibridge, Inc. has acquired Alethix LLC, a provider of technology solutions around data-in-transit, enterprise systems interoperability, and data processing at scale for national security, defense, and civilian agencies. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as the exclusive financial advisor to Alethix.

Aspirational Consumer Lifestyle Corp. (NYSE: ASPL) has agreed to acquire Wheels Up, a provider of services that connect flyers to private aircrafts – and to one another – delivering personalized experiences. The transaction is valued at $2.10 billion.

Continental Mapping Consultants has acquired Geographic Information Services, Inc., a provider of geospatial data collection, curation, and management along with design and implementation of best-in-class enterprise systems. Terms of the transaction were not disclosed.

Eaton Corporation (NYSE: ETN) has acquired Cobham Mission Systems, a segment of Cobham Ltd., a portco of Advent International Corp., a provider of air-to-air refueling systems, environmental systems, and actuation primarily for defense markets. The transaction is valued at $2.83 billion.

Frontline Road Safety has acquired Hi-Lite Airfield Services, LLC, a portco of Mangrove Equity Partners, a provider of specialized, mission critical airfield maintenance services throughout North America and the Caribbean. Terms of the transaction were not disclosed.

General Atomic has acquired Tiger Innovations, a provider of satellite systems and related hardware and software for satellites. Terms of the transaction were not disclosed.

Holicity (NASDAQ: HOL) has acquired Astra, a provider of manufacturing for space launch vehicles for both commercial and military customers. The transaction is valued at $2.10 billion.

IntelliGenesis has acquired Mjetak, a provider of cyber-physical data centers and training environments enabling Government Agencies, industrial asset developers, owners, and operators to better understand their systems in a hands-on manner. Terms of the transaction were not disclosed.

OneSky Flight, a subsidiary of Directional Aviation Group has acquired Associated Aircraft Group, a division of Sikorsky Aircraft, a subsidiary of Lockheed Martin, a provider of a fleet of 10 medium twin helictopters which are made available to customers through a fractional helicopter ownership program. Terms of the transaction were not disclosed.

Proximas Group has acquired ADG Creative, LLC, a provider of branding and public relations, advertising and design, interactive and e-learning application development, and video production services to government and commercial customers. Terms of the transaction were not disclosed.

The Carlyle Group has acquired IST Research, LLC, a provider of open source data collection, population engagement, and content discovery solutions primarily for U.S. Government customers. Terms of the transaction were not disclosed.

The Carlyle Group has acquired Two Six Labs, a provider of cybersecurity and advanced technology solutions for the U.S. Government. Terms of the transaction were not disclosed.

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Industry Week in Review – January 29, 2021

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KippsDeSanto & Co. Industry Week in Review – January 29, 2021

Industry Week in Review – January 29, 2021

M&A Transactions

AE Industrial Partners has acquired UAV Factory USA, LLC, a provider of tactical UAV design and manufacturing, subsystems, stabilized EO / IR camera payloads, and accessories for the unmanned and manned aircraft industry.  Terms of the transaction were not disclosed.

BlackHorse Solutions, Inc. has acquired Emerett, LLC, a provider of disruptive and innovative technology solutions within each phase of the Tasking, Collection, Processing, Exploitation, and Dissemination (“TCPED”) cycle for Intelligence and Defense customers.  Terms of the transaction were not disclosed.

Deloitte & Touche LLP has acquired Root9B, LLC, a provider of advanced cyber-threat-hunting services and solutions, defense forensics and incident response, tech-enabled vulnerability assessment and penetration testing, and defensive security and hunt operator training for Federal and commercial customers.  Terms of the transaction were not disclosed.

Peraton, Inc., a portfolio company of Veritas Capital, has agreed to acquire Perspecta Inc., a leading provider of enterprise information technology (“IT”) services to government customers in the Federal, state, and local markets.  The transaction is valued at $7.1 billion.

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

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

Industry Week in Review – January 8, 2021

M&A Transactions

Alpine 4 Technologies, Ltd. has acquired Vayu (U.S.), Inc., a provider of high-performance vertical take-off and landing hybrid propulsion-based, autonomous aircraft.  Terms of the transaction were not disclosed.

ARCH Global Precision, LLC, a portfolio company of The Jordan Company, L.P., has acquired H. & S. Swansons’ Tool Company, a provider of precision, complex machined parts from casting and plate stock for the aerospace and defense sectors.  Terms of the transaction were not disclosed.

Calian Group Ltd. has acquired InterTronic Solutions, Inc., a provider of high-performance antenna systems for military and commercial customers.  The transaction is valued at $17.3 million.

CTS Corp. has acquired Sensor Scientific, Inc., a provider of high-quality thermistors and temperature sensor assemblies serving OEMs for applications that require precision and reliability in the medical, industrial, and defense markets.  Terms of the transaction were not disclosed.

 Edgewater Capital Partners has acquired Naprotek, Inc., a provider of electronic manufacturing services and printed circuit board assembly services to support defense, space, and special industrial markets.  Terms of the transaction were not disclosed.

Fairbanks Morse, LLC, a portfolio company of Arcline Investment Management, has acquired Ward Leonard Electric Co., Inc., a provider of electric motor, generator, control, and service solutions for naval, commercial marine, and industrial applications.  Terms of the transaction were not disclosed.

Hermetic Solutions Group, a portfolio company of Windjammer Capital, has acquired Cristek Interconnects, Inc., a provider of specialty interconnect products and assemblies for defense and aerospace contractors.  Terms of the transaction were not disclosed.

H.I.G. Capital, LLC has agreed to acquire SMTC Corporation, a provider of end-to-end global electronic manufacturing services for the aerospace and defense markets.  The transaction is valued at $170.5 million.

The Jordan Company L.P. has closed its recapitalization of Innoflight Holdings, LLC, a provider of compact, software-defined, cyber-secure and integrated satellite avionics.  Terms of the transaction were not disclosed.

JLL Partners has acquired Jonathan Engineered Solutions Corp., a portfolio company of Levine Leichtman Capital Partners, a provider of highly engineered steel and aluminum mechanical components for defense and commercial markets.  Terms of the transaction were not disclosed.

LinQuest Corporation has acquired TMC Design Corporation, a provider of advanced engineering, development, and integration with expertise in electromagnetics, digital signal processing, and radio frequency communications.  Terms of the transaction were not disclosed.

Owl Cyber Defense Solutions, LLC has agreed to acquire Trident Assured Collaboration Systems of Trident Systems Incorporated, a provider of U.S. government-approved Voice over IP (“VoIP”) and Video Teleconference (“VTC”) Cross Domain Solution (“CDS”), as well as advanced Full Motion Video (“FMV”) filtering capabilities.  Terms of the transaction were not disclosed.

QuantiTech, LLC has acquired Systems Engineering Group, Inc., a provider of threat engineering and modeling and simulation services to the U.S. Government.  Terms of the transaction were not disclosed.

Sagewind Capital, LLC has acquired Sigma Defense Systems, LLC, a provider of airborne intelligence, surveillance, and reconnaissance (“AISR”) sensor data transport engineering and services.  Terms of the transaction were not disclosed.

Saudi Arabian Military Industries, wholly owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (“PIF”), has agreed to acquire Advanced Electronics Company, a provider of design, development, manufacture, maintenance, and repair of advanced commercial and military electronic systems, devices, and equipment.  Terms of the transaction were not disclosed.

Teledyne Technologies, Inc. has agreed to acquire FLIR Systems, Inc., a provider of thermal imaging sensors, imaging instrumentation, and aerospace and defense electronics for commercial and federal customers.  The transaction is valued at $8.0 billion.

Thompson Street Capital Partners has acquired GovSpend, a provider of government intelligence solutions to thousands of government vendors and agencies.  Terms of the transaction were not disclosed.

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Industry Week in Review – December 18, 2020

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KippsDeSanto & Co. Industry Week in Review – December 18, 2020

Industry Week in Review – December 18, 2020

M&A Transactions

ManTech International Corporation has acquired Tapestry Technologies, a provider of cyber defense solutions and expertise, including cyber architecture and policy development, DevSecOps-based systems, and software engineering and cyber training. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to Tapestry Technologies.

Amphenol Corp has agreed to acquire MTS Systems Corp, a provider of advanced test systems, motion simulators, and precision sensors. The transaction is valued at $1.7 billion.

 CCP Capital Strategies has acquired Executive Information Systems, a provider of software and related platforms for public sector clients in support of their missions. Terms of the transaction were not disclosed.

Charger Investment Partners has agreed to acquire Advanced Composite Products and Technologies, a provider of engineered composite structures for defense, space, aviation, automotive, marine, and subsea telecom applications. Terms of the transaction were not disclosed.

Federal Republic of German has agreed to acquire Hensoldt (a portfolio company of KKR), a provider of defense and security electronics for civilian and military defense. Terms of the transaction were not disclosed.

Intelligent Waves has acquired Ski Systems, Inc., a provider of mobility and cybersecurity technology to intelligence agencies. Terms of the transaction were not disclosed.

Leidos Holdings, Inc. has agreed to acquire 1901 Group, a portfolio company of Enlightenment Capital, and a provider of cloud, cybersecurity, and enterprise-scale digital modernization services and capabilities that improve performance and reduce costs. The transaction is valued at $215 million.

Liberty Hall Capital Partners has agreed to acquire Comply365, a provider of operational content and compliance management solutions supporting the aerospace industry. Terms of the transaction were not disclosed.

Maven Capital Partners has acquired Envitia Group plc, a provider of data and geospatial technology and services to the defense and public sectors. The transaction was valued at £17 million.

Octo Consulting Group, Inc., a portfolio company of Arlington Capital Partners, has combined with Sevatec, Inc., a provider of mission-critical software development solutions and digital modernization services. Terms of the transaction were not disclosed.

Oshkosh Corp has agreed to acquire Pratt & Miller Engineering and Fabrication, a provider of advanced engineering technology, innovation, and robotics for ground vehicle markets. Terms of the transaction were not disclosed.

Redwire LLC (a portfolio company of AE Industrial) has acquired LoadPath LLC, a provider of payload adapters, deployable structures, and thermal products for the space industry. Terms of the transaction were not disclosed.

Sagepeak Capital LLC has agreed to acquire ENMET LLC, a provider of oxygen monitors and toxic and combustible gas detectors for aerospace and defense applications. Terms of the transaction were not disclosed.

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