Industry Week in Review – October 13, 2023
KippsDeSanto & Co. Industry Week in Review – October 13, 2023
Industry Week in Review – October 13, 2023
M&A Transactions
Bodycote Plc (LSE: BOY), has agreed to acquire Lake City Heat Treating Corp. and Stack Metallurgical Group, Inc., providers of hot isostatic pressing (“HIP”) and vacuum heat treatment solutions across three HIP and three heat treatment domestic facilities primarily to civil aerospace and medical end markets. The transaction is valued at $145 million.
Bridge Core Federal has acquired teKnoluxion Consulting, a provider of software & systems engineering, cloud services, and data analytics solutions to the defense and intelligence communities. Terms of the transaction were not disclosed.
SMX has acquired Creoal Consulting, a provider of general fund revenue recovery services for cities and counties focused on assisting local governments with collecting funds they are owed for permits, license fees, and taxes for sales and use, property, utility and franchise, and hotel and short-term rentals through the use of Avenu’s software. Terms of the transaction were not disclosed.
Stellant Systems, a portfolio company of Arlington Capital Partners, has agreed to acquire Comtech Power Systems Technology, a subsidiary of Comtech Telecommunications Corp (NASDAQ: CMTL) and provider of differentiated power amplification products including vacuum tube and Gallium Nitride-based solid state solutions primarily for military applications. The transaction is valued at $40 million.
——————————————————————————————————————————-
