Industry Week in Review – October 27, 2023
KippsDeSanto & Co. Industry Week in Review – October 27, 2023
Industry Week in Review – October 27, 2023
M&A Transactions
An Undisclosed Buyer has agreed to acquire the Cybersecurity, Intelligence, and Services Business of RTX (NYSE: RTX), a provider of intelligence services and cybersecurity solutions to enable special intelligence missions, software modernization, and offensive cyber that informs defensive cyber solutions in support of the U.S. IC, homeland defense, and homeland security. The transaction is valued at $1.3 billion.
Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired the American Fan business of Chart Industries (NYSE: GTLS), a provider of high-performance axial and centrifugal aluminum and composite fans for enduring U.S. Navy, Military Sealift Command, and U.S. Coast Guard platforms and specialty industrial applications. The transaction is valued at $111 million.
Madison Industries has agreed to acquire CAE Healthcare, a subsidiary of CAE, Inc., and provider of educational tools and simulation solutions, including patient, interventional and imaging simulation, audiovisual solutions, and learning applications. The transaction is valued at $226 million.
uAvionix, a portfolio company of DC Capital Partners, has acquired Iris Automation, Inc., a provider of detect and avoid technology for manned and autonomous, airborne and ground-based, optical systems with capabilities in avionics, aviation data, and safety solutions supporting fully integrated airspace for private sector and U.S. federal government aerospace, defense, and homeland security markets. Terms of the transaction were not disclosed.
——————————————————————————————————————————-
