Industry Week in Review – June 25, 2021
KippsDeSanto & Co. Industry Week in Review – June 25, 2021
Industry Week in Review – June 25, 2021
M&A Transactions
Enlightenment Capital has made a strategic investment in Fenix Group, Inc., a provider of innovative, band-agile closed loop carrier grade (4G / LTE and 5G) networks supporting battlefield communication and sensor ecosystems with advanced sensor endpoints for the defense, intelligence, and disaster response sectors. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Fenix Group.
Agile Space Industries, Inc. has acquired Tronix, LLC (dba Tronix3D), a provider of precision aerospace and defense additive manufacturing. Terms of the transaction were not disclosed.
Banyan Software Inc. has acquired HealthRx Corporation, a provider of occupational health and safety solutions suited to the wide ranging and specific needs of public and private biomedical research facilities. Terms of the transaction were not disclosed.
Broadstone Acquisition Corp. (NYSE: BSN) has agreed to acquire Vertical Aerospace Group Ltd., a provider of electric Vertical Take-Off and Landing (“eVTOL”) aircraft. The transaction is valued at $1.8 billion.
CNH Industrial NV (NYSE: CNHI) has acquired Raven Industries, Inc. (NASDAQ: RAVN), a provider of high-performance specialty films and aerospace and defense solutions. The transaction is valued at $2.1 billion.
Forcepoint, a portfolio company of Francisco Partners Management, LLC, has agreed to acquire Deep Secure Ltd, a provider of cybersecurity products and services that help protect against covert data loss. Terms of the transaction were not disclosed.
General Atomics Corp. has acquired Synopta GmbH, a provider of complex opto-electronic instrumentation for space and terrestrial applications. Terms of the transaction were not disclosed.
Godspeed Capital Management LP has acquired Brockenbrough & Associates, LLC, a provider of architecture, engineering, and surveying services for federal, state, and municipal government clients. Terms of the transaction were not disclosed.
Granicus, Inc., a portfolio company of Vista Equity Partners, has acquired Bang the Table Pty Ltd, a subsidiary of Bang The Table USA LLC, and a provider of multichannel delivery platforms that enable intuitive, predictive, and personalized digital experiences for government clients. Terms of the transaction were not disclosed.
Granicus, Inc., a portfolio company of Vista Equity Partners, has acquired OpenCities Pty Ltd, a subsidiary of Opencities Inc., and a provider of a fully integrated, drag-and-drop customer experience platform, helping agencies rapidly digitize, track, and improve every step of their journey. Terms of the transaction were not disclosed.
HEICO (NYSE: HEI) has acquired the Operating Assets of Camtronics, LLC, a provider of repair services for antennas, actuation, and electro-mechanical components for aircraft MRO services. Terms of the transaction were not disclosed.
Integrated Polymer Solutions, a portfolio company of Arcline Investment Management, has acquired Swift Textile Metalizing LLC, a provider of highly engineered metalized fabrics used in electromagnetic (“EMI”) and radio frequency interference (“RFI”) shielding applications. Terms of the transaction were not disclosed.
Koniag, Inc. has acquired TecPro, Ltd. (dba TecPro Solutions), a provider of industrial electrical and security video (CCTV) solutions and electrical contracting services. Terms of the transaction were not disclosed.
LookingGlass Cyber Solutions, Inc., a portfolio company of NewSpring Capital, has acquired AlphaWave, a provider of attack surface management for cybersecurity applications. Terms of the transaction were not disclosed.
Mirion Technologies, Inc., backed by Goldman Sachs Acquisition Holdings Corp II, will form a publicly traded special purpose acquisition company (“SPAC”), as a provider of design, manufacturing, and delivery of radiation detection products to nuclear power, medical, and military markets. The transaction is valued at $1.7 billion.
Oneida Research Services, Inc. has acquired the Internal Gas Analysis division of Atlantic Analytical Laboratory, Inc., a provider of gas analysis testing for qualifying electronic components for military, space, telecom, and medical applications. Terms of the transaction were not disclosed.
Parsons has agreed to acquire BlackHorse Solutions, Inc., a provider of electronic warfare and digital manipulation solutions to the defense market. The transaction is valued at $203 million.
Perimeter Solutions, Inc., backed by EverArc Holdings Ltd., will form a publicly traded SPAC, as a provider of high-quality firefighting products and lubricant additives. The transaction is valued at $2.0 billion.
Rafaut Group, a portfolio company of HLD Group, has acquired Alkan Group, a provider of carriage systems, including attachment devices, multi-store carriers, release units, ejectors, pylons/masts; chaff & flare systems; and ground support equipment, including winches, benches, and trolleys. Terms of the transaction were not disclosed.
ShoreView Industries has agreed to invest in Aeronix, Inc. a provider of data transfer, signal analysis, and communications products and related engineering services primarily to the defense industry, including ruggedized ethernet switches. Terms of the transaction were not disclosed.
Versar, Inc., a portfolio company Kingswood Capital Management, LLC, has acquired the environmental services business unit (“BVESB”) of Black & Veatch, a provider of remediation, investigation, assessment, and design services for federal government agencies. Terms of the transaction were not disclosed.
