Industry Week in Review – September 13, 2019
KippsDeSanto & Co. Industry Week in Review – September 13, 2019
Transactions
Anduril Industries, Inc., a provider of border control technology including drones and towers which track movement using artificial intelligence, has secured a funding round that values the company at more than $1 billion and includes participation from Andreesen Horowitz.
BAE Systems plc has acquired Prismatic Ltd., a provider and developer of new and improved UAV systems and services. Terms of the transaction were not disclosed
dB Control, a subsidiary of HEICO Corporation, has acquired TTT-Cubed, Inc., a provider of cutting-edge RF Sources, Detectors, and Controllers for a certain wide range of aerospace and defense applications. Terms of the transaction were not disclosed.
Dinocrates Group has acquired Global Management Systems, Inc., a provider of local area network (LAN), operational support, configuration management, telephone data management, and voice over IP (VOIP) services to defense and civilian agencies, as well as commercial customers. Terms of the transaction were not disclosed.
Precision Aviation Group, Inc., a portfolio company of GenNx360 Capital Partners, has acquired Momentum Services Corporation, a provider of global service solutions for commercial and military aviation displays of all sizes with significant cost savings, high-yield, and minimum turn time. Terms of the transaction were not disclosed.
Raptor Scientific, LLC, a portfolio company of L Squared Capital Partners, LLC, has acquired Space Electronics, LLC, a provider of electronic circuit testers that are used by aerospace and defense OEMs. Terms of the transaction were not disclosed.
Red River Technology, LLC, Inc. has acquired CWPS, Inc., a provider of managed information technology (IT) and IT support services to commercial enterprises and government sectors. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to CWPS, Inc.
Saturn Satellite Networks, Inc., a subsidiary of Airspace Internet Exchange, has acquired NovaWurks, Inc., a provider and developer of modular satellites. Terms of the transaction were not disclosed.
Susquehanna Private Capital, LLC has acquired McNally Industries, LLC, a provider of precision systems for the defense and industrial markets primarily supporting new and legacy platforms. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to McNally Industries, LLC.
Tenex Capital Management, L.P. has agreed to acquire Allied Wire & Cable, Inc., a provider of specialty manufacturing and value-added distribution of wire and cable products for aerospace, government, military, and telecommunications markets among others. Terms of the transaction were not disclosed.
