Industry Week in Review – January 5, 2024
KippsDeSanto & Co. Industry Week in Review – January 5, 2024
Industry Week in Review – January 5, 2024
M&A Transactions
An Undisclosed U.S.-based Non-Strategic Buyer has agreed to acquire the Precision Sport segment (Sierra Bullets and Barnes Bullets) of Clarus Corporation (NASDAQ: CLAR), a provider of outdoor equipment and lifestyle products focused on the sports market including a wide range of bullets, bullet jackets, and lead free bullets for premium hunting, tactical ammunition, precision target shooting, and defense purposes while serving sport shooting enthusiasts as well as law and military enforcement professionals. The transaction is valued at $175 million.
Cadence Aerospace, a portfolio company of Arlington Capital Partners, has acquired AeroCision, LLC and Numet Machining Techniques, LLC, portfolio companies of Liberty Hall Capital Partners, and Walbar Engine Components, a portfolio company of Cornerstone Capital Holdings, providers of specialized machining capabilities including milling, broaching, turning, grinding, balance, electrical discharge machining, heat treatment, non-destructive testing, engineering software solutions, and inspection capabilities. Terms of the transaction were not disclosed.
Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired Samtan Engineering Corp., a provider of single-source metal stamping and deep drawing with capabilities including shearing, punching, forming, metal spinning, machining, wire electric discharge manufacturing, and assembly for private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.
Global Warming Solutions Inc. has acquired AQST USA LLC, a provider of innovative research, manufacturing, and development for satellites, space components, planetary rovers, space robotics, and advanced zero carbon emission technologies specializing in space systems, advanced technologies, and clean energy solutions catering to both terrestrial and space applications for U.S. federal government aerospace and defense markets. Terms of the transaction were not disclosed.
Management Science and Innovation, LLC has acquired Ascolta, LLC, a subsidiary of ViON Corp., and provider of customized analytics solutions to support data warehouse augmentation, operational analysis, security and intelligence and cyber operations for private sector and U.S. federal government markets. Terms of the transaction were not disclosed.
