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Industry Week in Review – January 31, 2020

KippsDeSanto & Co. Industry Week in Review – January 31, 2020

Industry Week in Review – January 31, 2020

M&A Transactions

ASGN Incorporated has acquired the Blackstone Technology Group’s Federal Division, a provider of agile application development, cloud modernization and systems architecture, cybersecurity, user experience design, and branding services to government clients. The transaction was valued at $85 million.

Comtech Telecommunications Corp. has acquired CGC Technology Limited, a provider of high precision full motion fixed and mobile X / Y satellite tracking antennas, reflectors, radomes, and other ground station equipment. The transaction was valued at $24 million.

Comtech Telecommunications Corp. has agreed to acquire Gilat Satellite Networks Ltd., a provider of satellite networking technology, solutions, and services with market leading positions in the satellite ground station and in-flight connectivity solutions market. The transaction was valued at $533 million.

Leonardo S.p.A. has agreed to acquire Kopter Group AG, a subsidiary of Lynwood AG, a provider of SH-09 single turbine helicopters. The transaction was valued at $185 million.

Mangrove Equity Partners, LLC has acquired Hi-Lite Airfield Services, LLC, a provider of specialized, mission-critical airfield maintenance services throughout North America and the Caribbean. Terms of the transaction were not disclosed.

MCM Capital Partners has acquired EB Industries, LLC, a provider of highly specialized outsourced precision manufacturing and engineering services related to complex critical components. Terms of the transaction were not disclosed.

Pioneer Metal Finishing, LLC, a portfolio company of Aterian Investment Partners, has acquired Pilkington Metal Finishing, a provider of metal finishing services for the aerospace and defense, medical devices, general industrial, consumer goods, and other industries. Terms of the transaction were not disclosed.

Precision Aviation Group, Inc., a portfolio company of GenNx360 Capital Partners, has acquired World Aviation Corp., a provider of rewind and repair services of rotary and static electrical (air and oil-cooled) generator and motor sub-components. Terms of the transaction were not disclosed.

Private investors have agreed to acquire the Ottawa-based electronic intelligence business of Ultra Electronics plc, a provider of nation-specific electronic intelligence and electronic support measures software and systems. Terms of the transaction were not disclosed.

Stanley Black & Decker, Inc. has agreed to acquire Consolidated Aerospace Manufacturing, LLC, a portfolio company of Tinicum Capital Partners, a provider of innovative, highly engineered hardware and fastener solutions for demanding aerospace applications worldwide. The transaction was valued at $1.5 billion.

TriMas Corporation has agreed to acquire RSA Engineered Products, a portfolio company of Merit Capital Partners and Cornerstone Capital Holdings, a provider of complex, highly engineered, and proprietary air ducting products, connectors, and related components for air management systems used in aerospace and defense applications. Terms of the transaction were not disclosed.

Zentech Manufacturing, Inc., a portfolio company of BlackBern Partners, LLC, has acquired Trilogy Circuits, LLC, a provider of high-technology electronics manufacturing services supporting prime contractors serving the defense sector and other high-reliability industries. Terms of the transaction were not disclosed.

Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.

 

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