Industry Week in Review – November 3, 2023
KippsDeSanto & Co. Industry Week in Review – November 3, 2023
Industry Week in Review – November 3, 2023
M&A Transactions
Summit 7, a portfolio company of WestView Capital, has acquired CSW Systems, a provider of managed services and continuous compliance support for classified data processing facilities with expertise in cybersecurity solutions tailored for clients within the intelligence community (“IC”). KippsDeSanto & Co. acted as financial advisor to CSW Systems. Terms of the transaction were not disclosed.
AMETEK, Inc. (NYSE: AME) has acquired Amplifier Research Corp., a provider of radio frequency (“RF”), microwave amplifiers, and electromagnetic compatibility testing equipment with specialties in RF and microwave instrumentation, hybrid power amplifier modules, antennas, and related control software for the defense, communications, medical, and automotive markets. Terms of the transaction were not disclosed.
Eqlipse Technologies, a portfolio company of Arlington Capital Partners, has agreed to acquire SR Technologies, a provider of signals intelligence and electronic warfare technologies including custom-designed tactical solutions across mobile satellite communications, Wi-Fi, and Bluetooth signals of interest to support the most demanding Department of Defense (“DoD”), IC, U.S. Federal Law Enforcement, and U.S. Allied missions in the harshest environments globally. Terms of the transaction were not disclosed.
IDEX Corp. (NYSE: IEX) has agreed to acquire Superior Technical Ceramics Corp., a portfolio company of Artemis Capital Partners and provider of technical ceramic solutions and components including specialized engine, exhaust, and propulsion; electrical; structural; optical; analytical instrumentation; guidance and navigation; sensor; and customized components to private sector and U.S. federal government aerospace, defense, semiconductor, and related industrial markets. The transaction is valued at $210 million.
Tyler Technologies (NYSE: TYL) has acquired ResourceX, Inc., a provider of priority-based budgeting software and IT staffing solutions for the public sector, leveraging machine learning and artificial intelligence (“AI”) to predict and identify opportunities. Terms of the transaction were not disclosed.
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