Industry Week in Review – February 10, 2023
KippsDeSanto & Co. Industry Week in Review – February 10, 2023
Industry Week in Review – February 10, 2023
M&A Transactions
BlueAlly Technology Solutions, LLC, a portfolio company of Source Capital, LLC, has acquired n2Grate Government Technology Solutions, LLC, a provider of integrated information technology services and solutions serving the private sectors and federal government defense, healthcare, and civilian markets. Terms of the transaction were not disclosed.
Lone Star Funds has agreed to acquire Titan Acquisition Holdings, a portfolio company of The Carlyle Group and Stellex Capital Management, a provider of ship repair services and marine and heavy complex fabrication comprised of 3 subsidiaries: (1) Vigor Industrial (provider of infrastructure, defense, and maritime services); (2) MHI Holdings (ship repair, maintenance, and other ship husbandry services); and (3) Continental Maritime of San Diego (“CMSD”). Terms of the transaction were not disclosed.
Prince Industries, Inc., a portfolio company of HC Private Investments (“HCPI”), has acquired Precision Shapes, Inc. (“PSI”), a provider of complex material and tight tolerance precision machining solutions to private sector and U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.
StandardAero, a portfolio company of The Carlyle Group, has acquired Western Jet Aviation, a portfolio company of Fletch Equity, a provider of maintenance services for business jets, specializing in Gulfstream aircraft, offering a myriad of Aircraft on the Ground (“AOG”) and scheduled maintenance services including airframe inspections, engine and Auxiliary Power Unit (“APU”) troubleshooting, diagnostics and repair, part sales, interior soft goods modifications and wood repair, and major structural repairs. Terms of the transaction were not disclosed.
