Industry Week in Review – April 6, 2023
KippsDeSanto & Co. Industry Week in Review – April 6, 2023
Industry Week in Review – April 6, 2023
M&A Transactions
Alpha Safety Holdings, LLC, a portfolio company of Benford Capital Partners, has acquired Pajarito Scientific Corporation, a provider of equipment and services related to nuclear material characterization, radiation safety, modular panel containment systems, specialty ventilation systems, and other highly engineered products and technical services that support critical safety across DoE and commercial nuclear clients. Terms of the transaction were not disclosed.
Audax Private Equity has acquired Krayden, Inc., a portfolio company of Quad-C Management, a provider of adhesives, sealants, solders, coatings, specialty chemicals, and solvents to a variety of industries including electronics, aerospace, transportation, solar, and general industrial OEM and contract manufacturers globally. Terms of the transaction were not disclosed.
BlueHalo, LLC, a portfolio company of Arlington Capital Partners, has acquired Verus Technology Group, Inc., a provider of counter unmanned aircraft systems (“C-UAS”) products and services including SkyView, providing passive RF-based detection, identification, tracking, and telemetry extraction of small UAS servicing the private sector and U.S. federal government defense and civilian markets. Terms of the transaction were not disclosed.
Chugach Government Solutions, LLC, a subsidiary of tribally owned Chugach Alaska Corp. (“CAC”), has acquired Vector Planning & Services, Inc. (“VPSI”), a provider of systems engineering services to private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.
Dukane Seacom, Inc., a subsidiary of HEICO Corporation (NYSE:HEI), has entered into an exclusive license and acquired key related assets of the Aircraft Emergency Locator Transmitter (“ELT”) product line of Honeywell International (NASDAQ:HON), a provider of the RESCU 406 emergency locator transmitter (“ELT”) family that enable critical emergency transmission signals in the event of aircraft impact on land or water used on nearly all air transport commercial aircraft models, in addition to numerous business, commuter, and rotary wing aircraft. Terms of the transaction were not disclosed.
Excelus Manufacturing Solutions, a portfolio company of Sky Peak Capital, has acquired MacLean Precision Machine Company, Inc., a provider of precision-machined, tight-tolerance parts of all types of stainless steels, Inconel, titanium, and other hard to machine aerospace metals using turning, milling, grinding, and inspection capabilities to extremely close tolerances for the aerospace, defense, and semiconductor industries. Terms of the transaction were not disclosed.
ForeFlight, LLC, a subsidiary of The Boeing Company (NYSE:BA), has acquired CloudAhoy, Inc., a provider of post-flight debriefing, analytics, and flight operations quality assurance (“FOQA”) software products for flight training, as well as business, general, and military aviation pilots and operators. Terms of the transaction were not disclosed.
LifePort, LLC has acquired the advanced materials line of business of Aeromatrix Composites, a provider of aerospace exterior and interior composite structures with capabilities inclusive of manufacturing design, testing, assembly, and repair for fixed / rotor wing manned and unmanned aircraft for commercial and government customers. Terms of the transaction were not disclosed.
Vance Street Partners has acquired Aero Group Holdings LLC (“AGH”), represented by Tempest Aero Group, a provider of six independent, proprietary FAA approved new and replacement PMA component brands (i.e., Tempest, Alcor, Marvel-Schleber, Precision Airmotive, Consolidated Fuel Systems, and Stratus Tool Technologies) that primarily support the production and sustainment of Lycoming and Continental engines that power the majority of the global piston fleet for the general aviation industry. Terms of the transaction were not disclosed.
