Industry Week in Review – November 11, 2020
KippsDeSanto & Co. Industry Week in Review – November 11, 2020
Industry Week in Review – November 11, 2020
M&A Transactions
Altus Capital Partners has acquired Pinnacle X-Ray Solutions, LLC, a provider of non-destructive testing and inspection (“NDT”) systems for manufacturers and service providers in the aerospace and defense, industrial, electronics, education/research, automotive, and medical markets. Terms of the transaction were not disclosed.
ATL Partners has acquired Aero Accessories & Repair, Inc., a provider of advanced repair solutions for next generation fuel, hydraulic, pneumatic & electro-mechanical components for private sector and U.S. federal government aerospace markets. Terms of the transaction were not disclosed.
Bollinger Shipyards, LLC has agreed to acquire Halter Marine, Inc. and ST Engineering Halter Marine and Offshore, Inc., subsidiaries of Singapore Technologies Engineering Ltd. and providers of patrol vessels, oil recovery vessels, oil cargo vessels, ferries, logistic support vessels, auxiliaries, and research and survey vessels and services for ships, drilling rigs and other marine vessels, respectively. This transaction is valued at $15 million.
Client Network Services, Inc. has agreed to merge with Keystone Peer Review Organization, Inc., a portfolio company of Apax Partners LLP and provider of care management, quality oversight, and assessments and clinical eligibility services. Terms of the transaction were not disclosed.
Edgesource Corporation has acquired Auspex LLC, a provider of advanced data analytics, cybersecurity, and management consulting services to private sector and U.S. federal government intelligence markets. Terms of the transaction were not disclosed.
Indra Sistemas S.A. (Madrid: IDR.MC) has agreed to acquire the Air Traffic Management business of Selex ES Inc., a subsidiary of Leonardo S.p.A (Milan: LDO.MI) and provider of ground-based navigation, precision landing (ILS, CVOR/DVOR and DME) and surveillance systems to military and civil aviation customers globally. Terms of the transaction were not disclosed.
Maxar Technologies Ltd. has acquired Wovenware, Inc., a provider of custom and patented AI, computer vision and other digital transformation solutions and services for private sector and U.S. federal government markets. Terms of the transaction were not disclosed.
Kymera International, LLC, a portfolio company of Palladium Equity Partners, LLC, has acquired CASL Surface Technologies Corp., a provider of niche metallic coating process, alloy and capital equipment intellectual property for private sector and international government aerospace, defense, and mining markets. Terms of the transaction were not disclosed.
PCX Aerosystems, a portfolio company of Greenbriar Equity Group, L.P., has acquired Timken Aerospace Drive Systems, a subsidiary of The Timken Co. (NYSE: TKR) and provider of precision ball and roller bearings for aircraft and airframes. Terms of the transaction were not disclosed.
Safran Electronics & Defense, a subsidiary of Safran S.A. (Paris: SAF.PA), and MBDA Holdings SAS, have acquired a 63% majority equity ownership stake in Cie. Industrielle des Lasers (CILAS), a subsidiary of ArianeGroup Holding SAS and provider of target rangefinders, designators, guidance systems, nuclear applications, particle size and shape analyzers, deformable mirrors, optical coatings and transparent ceramics as well as nanotechnologies. Terms of the transaction were not disclosed.
Safran Electronics & Defense, a subsidiary of Safran S.A. (Paris: SAF.PA), has acquired Syrlinks, a provider of radiocommunication and radio frequency products for private sector, U.S. federal government and international government space, defense, security & time-frequency markets. Terms of the transaction were not disclosed.
The Cadmus Group, LLC, a portfolio company of CI Capital Partners, LLC, has acquired Wheelhouse Group, Inc., a provider of change management services for private sector and U.S. federal government civilian, environmental, and financial markets. Terms of the transaction were not disclosed.
