KippsDeSanto & Co. Industry Week in Review – September 9, 2022

Industry Week in Review – September 9, 2022

M&A Transactions

Australian Sovereign Defence and Manufacturing, a portfolio company of CPE Capital, has acquired RUAG Australia, a subsidiary of RUAG International Holding AG and provider of systems and components on behalf of the RAAF and other international air forces, as well as civil aviation, worldwide. Terms of the transaction were not disclosed.

Australian Sovereign Defence and Manufacturing, a portfolio company of CPE Capital, has acquired TAE Aerospace, a provider of aviation engineering and maintenance services to the private sector and international government aerospace and defense markets. Terms of the transaction were not disclosed.

Pexco, LLC, a portfolio company of AEA Investors L.P., has acquired Enflo Corp, a provider of Polytetrafluoroethylene shapes for use in semiconductors, aerospace & defense, bridge construction, life science and industrial as well as in crucial valve, gasket and pump applications. Terms of the transaction were not disclosed.

PCX Aerosystems, a portfolio company of Greenbriar Equity Group, has acquired Pacific Contours Corp., a provider of machining capabilities producing simple to complex components from both hard and soft metals, to fully integrated assemblies for private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.

Systems Planning & Analysis, Inc., a portfolio company of Arlington Capital Partners, has acquired the Operations Research & Cyber Analysis (“ORCA”) division of Metron, Inc, a provider of operations research, systems of systems engineering, model-based system engineering, and digital engineering processes for the Navy and other marquee national security customers. Terms of the transaction were not disclosed.

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KippsDeSanto & Co. Industry Week in Review – August 25, 2022

Industry Week in Review – August 25, 2022

M&A Transactions

Ernst & Young has acquired Cambria Solutions, Inc., a provider of program and project management services, business process modernization, agile transformation, and technology systems implementation to state and local government markets. Terms of the transaction were not disclosed.

 Guidehouse Holding Corp., a portfolio company of Veritas Capital Fund Management, LLC., has agreed to acquire Grant Thornton LLP’s Public Sector Advisory Practice, a provider of acquisition, financial management, human capital, information technology, and performance management consulting solutions to all levels of government. The terms of the transaction were not disclosed.

 Precision Aviation Group, a portfolio company of GenNx360 Capital Partners, has acquired PTDB Group Ltd. (ASX: PTB.AX), a provider of maintenance, repair, and overhaul services (“MRO”) on Pratt & Whitney PT6 and Honeywell TPE331 engines, leases engines and airframes. Terms of the transaction were not disclosed.

 Thoma Bravo, LLC has acquired Nearmap, Ltd. (ASX: NEA.AX), a provider of high resolution aerial imagery, city-scale 3D datasets, and integrated geospatial tools to private sector and international government architecture, construction, energy and engineering markets. The transaction is valued at $733.0 million.

 Yulista Holding, LLC., a subsidiary of Calista Corp., has acquired Straitsys, Inc., a provider of big data analytics, information technology services, counter-inside threat, cyber security, and program management solutions to private sector and U.S. federal government law enforcement markets. Terms of the transaction were not disclosed.

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

Industry Week in Review – August 11, 2022

M&A Transactions

Antarctica Capital, LLC., has acquired Descartes Labs, Inc., a provider of geospatial intelligence and analytics solutions to private sector and U.S. federal government civilian and defense markets. Terms of the transaction were not disclosed.

Command Holdings, a subsidiary of Mashantucket Pequot Tribal Nation, has acquired WWC Global, LLC. a provider of professional services consulting serving private sector and U.S. federal government defense and homeland security markets. Terms of the transaction were not disclosed.

Edge Autonomy, a portfolio company of AE Industrial Partners, has acquired Adaptive Energy LLC, a provider of solid oxide fuel cells (“SOFC”) for backup and portable power in the 250W – 1KW range for private sector and U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.

 The Electronic Technologies Group of HEICO Corporation (NYSE: HEI) has acquired Sensor Systems, a provider of airborne antennas for commercial and military applications. Terms of the transaction were not disclosed.

 J.F. Lehman & Co., Apollo Global Management, Inc., and Hill City Capital have agreed to acquire Atlas Air Worldwide Holdings, Inc. (NasdaqGS: AAWW), a provider of scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing services for private sector and U.S. federal government aerospace and defense markets. The transaction is valued at $5.2 billion.

 Mirion Technologies, Inc. (NYSE: MIR, MIRW) has acquired the Critical Infrastructure Business of Collins Aerospace Systems, a subsidiary of Raytheon Technologies Corp. (NYSE: RTX) and provider of command-and-control software solutions for nuclear power plants and government facilities to protect their systems against cybersecurity threats or compromises. Terms of the transaction were not disclosed.

Naprotek, LLC, a portfolio company of Edgewater Capital Partners, has acquired MicroFab, Inc., a provider of precision RF circuit fabrication and atomic-level micro machining services. Terms of the transaction were not disclosed.

QinetiQ, Inc., a subsidiary of QinetiQ plc (LSE: QQ.L) has agreed to Avantus Federal, LLC, portfolio company of NewSpring Capital and provider of strategic consulting, operational support, and technology services to federal customers and private sector partners in the homeland security, law enforcement, intelligence, defense, and federal health sectors. The transaction is valued at $590M.

Tailwind Acquisition Corp. (NYSE: TWND), a publicly traded special purpose acquisition company, has agreed to combine with NUBURU, Inc., a provider of high power and high brightness industrial blue lasers. The transaction is valued at $350 million.

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KippsDeSanto & Co. Industry Week in Review – July 21, 2022

Industry Week in Review – July 21, 2022

M&A Transactions

Arcline Investment Management, L.P. has acquired International Mezzo Technologies, Inc., a provider of custom high-performance microtube heat exchangers for private sector and U.S. federal government defense and aerospace markets. Terms of the transaction were not disclosed.

CGI Automated Manufacturing, Inc., a portfolio company of CORE Industrial Partners, LLC, has acquired Tenere, Inc., a portfolio company of the Watermill Group and provider of customized components from metal and plastic to original equipment manufacturers (“OEMs”) in the network communications, agriculture, medical, and aerospace industries. Terms of the transaction were not disclosed.

HEICO Flight Support Group, a subsidiary of HEICO Corp. (NYSE:HEI.A), has acquired a 96% equity stake in Accurate Metal Machining, Inc., a provider of high-reliability components and assemblies used in private sector and U.S. federal government aerospace, defense, and semiconductor equipment subsystem applications. Terms of the transaction were not disclosed.

Novaria Group, a portfolio company of KKR & Co. L.P., has agreed to acquire Stroco Manufacturing, Inc., a provider of shims, brackets, nut plates, terminal boards, cover plates, receptacle strips, and other metal products for private sector and U.S. federal government aerospace and high precision industries. Terms of the transaction were not disclosed.

Raytheon Intelligence & Space, a subsidiary of Raytheon Technologies Corporation (NYSE:RTX), has acquired Northern Space and Security Ltd., a provider of orbital analyst services to the U.K. Space Agency, including capabilities for government and U.K. satellite operators. Terms of the transaction were not disclosed.

Siemens PLM Software Inc., a subsidiary of Siemens AG (XETRA:SIE.DE), has agreed to acquire Zona Technology, Inc, a provider of engineering software analysis services to private sector and U.S. federal government aviation markets. Terms of the transaction were not disclosed.

Valence Surface Technologies, LLC, a portfolio company of ATL partners, has acquired B&M Painting Company, Inc., a provider of surface treatment for highly engineered products in the private sector and U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.

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KippsDeSanto & Co. Industry Week in Review – July 8, 2022

Industry Week in Review – July 8, 2022

M&A Transactions

Genstar Capital, LLC has acquired Albracon Corp., a provider of passive components, providing frequency control & timing devices, RF & antenna products, and inductor & connectivity solutions for private sector and U.S. federal government industrials, financial services, healthcare, and software markets. Terms of the transaction were not disclosed.

Kongsberg Defence & Aerospace, a subsidiary of Kongsberg Gruppen ASA (Oslo: KOG.OL), has agreed to acquire a 77% ownership stake in Nanoavionics US LLC, a subsidiary of AST & Defense LLC and provider of new generation satellite buses and propulsion systems for the private sector and U.S. federal government satellite applications market. The transaction is valued at $66.5 million.

SINTX Technologies, Inc. has agreed to acquire Technology Assessment and Transfer, Inc., a provider of advanced ceramics and metals for private sector and U.S. federal government defense, biomedical, and industrial markets. Terms of the transaction were not disclosed.

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