Industry Week in Review – October 4, 2019
KippsDeSanto & Co. Industry Week in Review – October 4, 2019
Industry Week in Review – October 4, 2019
Transactions
ASGARD Partners & Co., LLC has acquired Revision Military Ltd., a provider of protective eyewear solutions for military and tactical use. Terms of the transaction were not disclosed.
BioNovelus, Inc. has agreed to acquire Corvus Consulting, LLC, a provider of scientific, engineering, technical, operational support, and training services to Federal and commercial clients. Terms of the transaction were not disclosed.
kSARIA Corporation, a portfolio company of Behrman Capital, has acquired Co-Operative Industries Aerospace & Defense, a manufacturer of electrical wiring harnesses, ignition leads, and flexible metal conduits for various aerospace and defense customers. Terms of the transaction were not disclosed
Midwest Composite Technologies, Inc., a portfolio company of CORE Industrial Partners, LLC, has acquired FATHOM, a provider of additive manufacturing services including fused deposition modeling, multi jet fusion, polyjet printing, selective laser sintering, and stereolithography, along with CNC machining, urethan casting, tooling and injection modeling capabilities. Terms of the transaction were not disclosed.
QinetiQ Group plc has agreed to acquire Manufacturing Techniques (“MTEQ”), Inc., a provider of advanced sensor development, rapid prototyping operations, and C5ISR capabilities to the U.S. Army and Navy. The transaction was valued at an estimated $105 million.
Trimble Inc. has agreed to acquire Azteca Systems, LLC (dba “Cityworks”), a provider of geographic information system (“GIS”)-based enterprise asset management (“EAM”) and supply chain management (“SCM”) software and Software as a Service (“SaaS”) for utilities and local government / public sector (e.g., local municipalities, parks and recreation, planning and community development, public works, and streets, traffic and transportation). Terms of the transaction were not disclosed.
VT Group, Inc., a portfolio company of The Jordan Company, has agreed to acquire DELTA Resources, Inc., a provider of C5I and weapons systems engineering, integrated product support, and a full spectrum of technical services to the Naval Sea Systems Command (“NAVSEA”) and the Navy’s Program Executive Offices (“PEOs”). Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to DELTA Resources, Inc.
