Industry Week in Review – October 9, 2020

KippsDeSanto & Co. Industry Week in Review – October 9, 2020

Industry Week in Review – October 9, 2020

M&A Transactions

AEVEX Aerospace, LLC, a portfolio company of Madison Dearborn Partners, LLC, and CoVant Management, has acquired IKHANA Group Inc. and Geodetics, Inc., a provider of aircraft engineering, modification, and maintenance solutions, and a provider of commercial high-precision positioning and navigation solutions. The terms of the transaction were not disclosed.

Avantus Aerospace, Inc., a portfolio company of Inflexion Private Equity and Auctus Industries, has acquired California Screw Products Corp., a provider of c-class and composite parts for the aerospace and defense industry. The terms of the transaction were not disclosed.

Honeywell International, Inc. has acquired Rocky Research, a portfolio company of DC Capital Partners, and a provider of customized engineering and analytical services to commercial, industrial, and defense customers. The terms of the transaction were not disclosed.

IMG Companies, LLC, a portfolio company of Addison Capital Partners, has acquired Larkin Precision Machining, Inc., a provider of design, manufacturing, and engineering services for complex, close-tolerance components. The terms of the transaction were not disclosed.

Lockheed Martin has agreed to acquire a portion of Integration Innovation Inc. (i3), a provider of engineering, training, analytical and technology development services to government and commercial customers. The terms of the transaction were not disclosed.

Sierra Bullets, LLC, a subsidiary of Clarus Corp., has acquired Barnes Bullets, LLC, a subsidiary of Remington Arms Company, LLC, and a provider of environmentally sound, lead-free bullets for hunting, self-defense, and tactical applications. The transaction is valued at $30.5 million.

Stable Road Acquisition Corp. has agreed to acquire Momentus, Inc., a provider of in-space transportation and infrastructure services. The transaction is valued at $1.2 billion.

Xenith Solutions, LLC has acquired TRI-COR Industries, Inc., a provider of large-scale, enterprise Agile solutions that fuse Scrum and Kanban, Extreme Programming (XP) engineering, and DevOps best practices to the federal and local governments. The terms of the transaction were not disclosed.

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