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Industry Week in Review – July 10, 2020

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

Industry Week in Review – July 10, 2020

M&A Transactions

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

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

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

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

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

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

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Industry Week in Review – July 2, 2020

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

Industry Week in Review – July 2, 2020

M&A Transactions

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

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

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

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

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

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

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

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Industry Week in Review – June 26, 2020

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

Industry Week in Review – June 26, 2020

M&A Transactions

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

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

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

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

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

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

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

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Industry Week in Review – June 19, 2020

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

Industry Week in Review – June 19, 2020

M&A Transactions

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

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

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Industry Week in Review – June 12, 2020

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

Industry Week in Review – June 12, 2020

M&A Transactions

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

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

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

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

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

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

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Industry Week in Review – June 5, 2020

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

Industry Week in Review – June 5, 2020

M&A Transactions

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

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

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

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Industry Week in Review – May 29, 2020

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KippsDeSanto & Co. Industry Week in Review – May 29, 2020

Industry Week in Review – May 29, 2020

M&A Transactions

Gulfstream Aerospace Corporation agrees to acquire Triumph Group Inc.’s G650 / G700 wing business, a provider of wing box assembly operations for the G650 and G700. Terms of the transaction were not disclosed.

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Industry Week in Review – May 22, 2020

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KippsDeSanto & Co. Industry Week in Review – May 22, 2020

Industry Week in Review – May 22, 2020

M&A Transactions

Cognosante, LLC has acquired Enterprise Information Services, Inc., a provider of systems engineering, information technology, and program management office services and solutions to the U.S. federal government. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to Enterprise Information Services, Inc.

 Charlesbank Capital Partners, LLC has invested in Cyberbit Ltd, a subsidiary of Elbit Systems Ltd, a provider of a unified, suite of cyber range platforms for threat detection, incident response, and simulated training, across IT, OT, and IoT. The investment was valued at $70 million.

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Industry Week in Review – May 15, 2020

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KippsDeSanto & Co. Industry Week in Review – May 15, 2020

Industry Week in Review – May 15, 2020

M&A Transactions

Altair Engineering, Inc. has acquired the WRAP software business of WRAP International AB, a provider of software technology for spectrum management and radio network planning for civil and defense organizations. Terms of the transaction were not disclosed.

KeyLogic Systems, LLC, a subsidiary of IIA Technologies Corp., has acquired OnLocation, Inc., a provider of energy consulting services, including insights into trade-offs of energy and environment policy designs, analyzing the impact of proposed policies, designing scenarios to explore alternative energy, and analyzing quantitative data for informed decision making. Terms of the transaction were not disclosed.

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Industry Week in Review – May 8, 2020

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KippsDeSanto & Co. Industry Week in Review – May 8, 2020

Industry Week in Review – May 8, 2020

M&A Transactions

AE Industrial Partners, LLC has acquired ThayerMahan, Inc. for $10M, a provider of autonomous marine solutions, including deployment, operations, data gathering and analysis services to government and commercial clients.

AMERGINT Technologies has acquired Tethers Unlimited, Inc., a provider of in-space services, space tether technologies, and broader new space solutions for the small satellite market. Terms of the transaction were not disclosed.

American Institutes for Research has agreed to acquire IMPAQ, LLC, a provider of research and implementation in the areas of health and workforce development, as well as the education, international and human services sectors, with additional expertise in advanced analytics and the use of technology, including artificial intelligence and machine learning. Terms of the transaction were not disclosed.

Cognizant Technology Solutions Corporation has agreed to acquire Collaborative Solutions, LLC, a provider of consulting and cloud applications for finance and human resources to government, education, and private customers. Terms of the transaction were not disclosed.

Dexis Consulting Group has acquired New Century US, a provider of customized training solutions in tactics, information gathering, criminal investigation, analysis, and management of sensitive operations to law enforcement and related agencies. Terms of the transactions were not disclosed.

 Intrepid Solutions and Services, LLC has acquired Business Unit of Delta Solutions and Strategies LLC, a provider of advisory & assistance services, operations and maintenance, modeling, simulation, and training support to numerous mission critical Defense and Civilian Government customers. Terms of the transactions were not disclosed.

  New Wave Design and Verification, LLC (New Wave DV) has acquired privately held FlightWire Technology, Inc. Colorado Springs, a principal provider of 1394b AS5643 (MIL-1394) solutions in the form of embedded, test, and maintenance products / services for the defense and aerospace sectors. Terms of the transaction were not disclosed.

 Perspecta, Inc. has acquired DHPC Technologies, Inc., a developer of electronic warfare technologies, as well as engineering / technical services, and program management, serving U.S. Army customers. Terms of the transactions were not disclosed.

TAG Aerospace to merge with Unique Airmotive Services, the new company, operating under the TAG Aero brand, will provide purchase / sale / lease of APU models, as well as a broad array of other in-house APU capabilities. Terms of the transactions were not disclosed.

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