KippsDeSanto & Co. Industry Week in Review – November 13, 2020

Industry Week in Review – November 13, 2020

M&A Transactions

AE Industrial Partners, LP has acquired Linkware, LLC, and PRE, LLC, doing business as Pangiam. Linkware is a provider of custom software solutions and consulting services to federal government organizations, and Pangiam is a provider of security and travel consulting services to government and commercial customers across a variety of industries. Terms of the transactions were not disclosed.

 Avantus Federal, a portfolio Company of NewSpring Holdings, has acquired MissionTech Solutions, a provider of consulting and solutions services for national security data and technology. Terms of the transaction were not disclosed.

Calian Group Ltd. has acquired Cadence Consultancy Ltd., a provider of complex and realistic training environments for both defense and civil clients across Europe and worldwide. Terms of the transaction were not disclosed.

GCOM Software LLC, a portfolio company of Sagewind Capital, has acquired 20/20 Teknology, LLC, a provider of managed services and systems integration services. Terms of the transaction were not disclosed.

ManTech International Corporation has acquired Minerva Engineering, a provider of advanced cyber solutions, including risk vulnerability assessment and cyber intrusion detection. Terms of the transaction were not disclosed.

Pacific Defense, backed by HCI Equity Partners and Emerald Lake Capital Management, has acquired Spear Research, a provider of electronic warfare, signals intelligence, and autonomous networked sensor systems. Terms of the transaction were not disclosed.

Raytheon Technologies Corp. has agreed to acquire Blue Canyon Technologies, Inc., a provider of small satellites and spacecraft systems components.  The transaction is valued at $350 million.

Rosewood Private Investments has acquired General Informatics, a provider of IT managed services, cloud services, and IT constancy. Terms of the transaction were not disclosed.

Click here to review our comparable company analysis.

KippsDeSanto & Co. Industry Week in Review – October 16, 2020

Industry Week in Review – October 16, 2020

M&A Transactions

Arotech Corp., has acquired UST-Aldetec Group, a portfolio company of Cornerstone Capital Holdings, LLC, and a provider of engineering, manufacturing, and services specializing in complex, mission critical electronic components. The terms of the transaction were not disclosed.

 Broadtree Partners LLC has acquired Seanair Machine Co., Inc., in strategic partnership with AE Industrial Partners Structured Solutions I, LP. Seanair is a provider of OEM precision machined parts in support of tactical airlift, stealth tactical fighters. The terms of the transaction were not disclosed.

 Consolidated Machine & Tool Holdings, a portfolio company of White Wolf Capital, has acquired Delva Tool & Machine Corp, a provider of contract machining, fabrication engineering, and complex assembly services for aerospace and defense customers. The terms of the transaction were not disclosed

 Israel Aerospace Industries has acquired 50 percent stake in BlueBird Aero Systems Ltd., a provider of micro, mini, and tactical UAS equipment. The terms of the transaction were not disclosed.

Welsh, Carson, Anderson & Stowe has agreed to acquire GovernmentCIO, a provider of high-end technology and digital solutions to the Federal Health IT Services market. The terms of the transaction were not disclosed.

Click here to review our comparable company analysis.

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

Industry Week in Review – October 2, 2020

M&A Transactions

DLH Holdings Corp. has acquired Irving Burton Associates, LLC, a provider of research, systems development, and other technology-enabled solutions to the DHA, TATRC, USAMRDC, and other DoD agencies. The transaction is valued at $32 million. KippsDeSanto acted as exclusive financial advisor to Irving Burton Associates, LLC.

 Tetra Tech, Inc. has acquired BlueWater Federal Solutions, Inc., a provider of information technology solutions, cybersecurity, applications development, and development and operation of federal enterprise systems for US government clients. The terms of the transaction were not disclosed. KippsDeSanto acted as exclusive financial advisor to BlueWater Federal Solutions, Inc.

ASGN Incorporated has acquired Skyris, LLC, a provider of remote sensing science, data science, and geospatial solutions in support of IC, defense, and national security missions. The terms of the transaction were not disclosed.

DC Capital Partners Management, LP, has acquired Digital Force Technologies, LLC, a provider of proprietary force protection and surveillance products and solutions for the special operations community. The terms of the transaction were not disclosed.

Snow Phipps Group, LLC, has acquired Prototek Sheetmetal Fabrication, a portfolio company of CORE Industrial Partners, and a provider of CNC machined and sheet metal fabricated components for customers across end markets, such as aerospace, defense, and robotics. The terms of the transaction were not disclosed.

Click here to review our comparable company analysis.

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

Industry Week in Review – August 20, 2020

M&A Transactions

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

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

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

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

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

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

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

Click here to review our comparable company analysis.

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

Industry Week in Review – July 31, 2020

M&A Transactions

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

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

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

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

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

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

Click here to review our comparable company analysis.