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Industry Week in Review – November 5, 2021

KippsDeSanto & Co. Industry Week in Review – November 5, 2021

Industry Week in Review – November 5, 2021

M&A Transactions

AE Industrial Partners has acquired Fire Team Solutions, LLC, a provider of cloud, cyber, and software development capabilities to the Department of Defense and Intelligence Community. Terms of the transaction were not disclosed.

Alliance Ground International, a portfolio company of Audax Private Equity & Greenbriar Equity Group, has acquired Maestro International Cargo, a provider of ground and ramp handling services at O’Hare International Airport. Terms of the transaction were not disclosed.

BlueVoyant, LLC, has acquired 202 Group, LLC, a provider of supply chain risk management solutions through Analytics-as-a-Service platforms. Terms of the transaction were not disclosed.

CACI International, Inc. (NYSE: CACI), has agreed to acquire SA Photonics, Inc., a provider of photonics technologies for free space optical communications to U.S. federal and commercial markets. The transaction is valued at $275.0 million.

DuPont de Numours, Inc. (NYSE: DD), has acquired Rogers Corporation (NYSE: ROG), a provider of engineered materials and components for mission-critical applications. The transaction is valued at $5.2 billion.

ICF International, Inc. (NASDAQ: ICFI), has acquired ESAC, Inc., a provider of research data management and healthcare information technology solutions for government, commercial, and academic markets. Terms of the transaction were not disclosed.

inTest Corporation has acquired Videology Imaging Solutions, Inc., a provider of design, development, and manufacturing of video, image acquisition, and display technologies to private sector and U.S. federal government markets. The transaction is valued at $12.0 million.

Jacob’s Engineering Group, Inc. (NYSE: J), has agreed to acquire BlackLynx, Inc., a portfolio company of Razor’s Edge Ventures and provider of global intelligence collection software solutions for national security and commercial markets. Terms of the transaction were not disclosed.

Macquarie Capital has acquired Procentrix, Inc., a provider of information technology solutions to federal civilian, defense, homeland, and state and local government markets. Terms of the transaction were not disclosed.

ManTech International Corporation (NASDAQ: MANT) has agreed to acquire Gryphon Technologies, Inc., a portfolio company of AE Industrial Partners and provider of engineering services with a focus on cyber security for Navy platforms and systems. The transaction is valued at $350.0 million.

Technology Service Corporation has acquired Praxis Products, LLC, a provider of SIGINT and wireless applications for defense and law enforcement markets. Terms of the transaction were not disclosed.

Vitesse Systems, a portfolio company of Trive Capital, has acquired Sterling Precision, Inc., a provider of components that enable the advancement of communication, radar, and electronic warfare systems. Terms of the transaction were not disclosed.

 Wencor Group, LLC, a portfolio company of Warburg Pincus, LLC, has acquired ASC International, Inc., a provider of distribution for hardware manufacturers focused primarily on aerospace fasteners, fittings, and hardware. Terms of the transaction were not disclosed.

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