Industry Week in Review – October 25, 2024
KippsDeSanto & Co. Industry Week in Review – October 25, 2024
Industry Week in Review – October 25, 2024
M&A Transactions
Branford Castle Partners, LP has acquired Hoffman Engineering Corp., a subsidiary of Trident Maritime Systems, LLC, a portfolio company of J.F. Lehman & Co., and a provider of night vision and photonic test equipment in addition to lighting components and power management systems for aerospace and defense markets. Terms of the transaction were not disclosed.
Firan Technology Group Corp. (TSX:FTG) has agreed to acquire FLYHT Aerospace Solutions Ltd. (TSXV:FLY), a provider of proprietary technological solutions and services driven by a suite of patented aircraft-certified hardware products for global aviation markets. The transaction is valued at $15.3 million.
HEICO Corporation (NYSE:HEI) has acquired 88% of Mid Continent Controls, Inc., a provider of the design and manufacturing of proprietary in-cabin power and entertainment components and subsystems for business jets across the aviation industry. Terms of the transaction were not disclosed.
Sverica Capital Management LP has acquired Electronic Source Company, a provider of the manufacturing of high-reliability circuit card assemblies and other defense electronics for aerospace, defense, and space markets. Terms of the transaction were not disclosed.
Tecum Capital Partners has acquired Kadon Precision Machining, Inc., a provider of precision manufacturing specializing in Swiss turn, milling, lathe, and multi-axis machining and assembly for aerospace, defense, and space markets. Terms of the transaction were not disclosed.
Thales S.A. (ENXTPA:HO) has acquired Digital Receiver Technology, Inc. (“DRT”), a subsidiary of Boeing Co. (NYSE: BA) and provider of Software Defined Radio (“SDR”) based technical solutions for military, intelligence community, and other law enforcement markets. Terms of the transaction were not disclosed.
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