Industry Week in Review – February 24, 2023
KippsDeSanto & Co. Industry Week in Review – February 24, 2023
Industry Week in Review – February 24, 2023
M&A Transactions
Booz Allen Hamilton (NYSE: BAH) has made a strategic investment in Hidden Level, Inc., a provider of passive sensing technology of unmanned aerial systems (“UAS”), such as drones, for high-interference environments. Terms of the transaction were not disclosed.
cBEYONData LLC, a portfolio company of Bluestone Investment Partners, LLC, has acquired Summit2Sea Consulting, LLC, a provider of data analytics, robotic process automation, and enterprise application modernization services to private sector and U.S. federal government civilian, defense, and energy markets. Terms of the transaction were not disclosed.
EDGE Group PJSC has acquired Milrem AS, a provider of robotics and autonomous systems for private sector and international government markets. Terms of the transaction were not disclosed.
NV5 Global, Inc. (NASDAQ: NVEE) has acquired Axim Geospatial, a portfolio company of Bluestone Investment Partners, a provider of end-to-end geospatial services and solutions throughout the U.S. through core competencies that include big data services, geomatics, business solutions, cloud services, infrastructure security, analytics, and professional services. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Axim Geospatial.
Tex-Tech Industries, Inc., a portfolio company of Arlington Capital Partners, has acquired the operating assets of the Gardena, CA sites and certain assets of SGL Composites, Inc. from SGL Carbon SE (XTRA: SGL), a provider of complex, industry leading high-temperature composite materials and components with high carbon and silica purities. Terms of the transaction were not disclosed.
The Cadmus Group, LLC, a portfolio company of CI Capital Partners, LLC, has acquired Nathan Associates, Inc., a provider of economic and analytics consulting services to government and commercial clients specializing in international development, litigation & expert services, infrastructure project development & finance, and advisory based services. Terms of the transaction were not disclosed.
TriMas Corp. (NASDAQ: TRS) has acquired the net operating assets of Weldmac Manufacturing Company, a provider of high-performance, complex metal fabricated components and assemblies for the aerospace, defense, and space launch end markets. Terms of the transaction were not disclosed.
Vast has acquired Launcher, Inc., a provider of the world’s most efficient rockets and transfer vehicles to deliver small satellites to orbit by combining liquid propulsion technology and onsite 3D manufacturing. Terms of the transaction were not disclosed.
