Industry Week in Review – September 15, 2023
KippsDeSanto & Co. Industry Week in Review – September 15, 2023
Industry Week in Review – September 15, 2023
M&A Transactions
First Advantage Corp. (NasdaqGS: FA) has acquired Infinite ID, a portfolio company of Enlightenment Capital, and a provider of advanced software, data, and integration solutions for complex scenarios where biometric identification and authentication are critical to security in federal, state and local government agencies for validation and background checks. The transaction is valued at $41 million.
Lurie Investments has acquired Knexus Research, a provider of AI / ML-enabled research analytics, systems and software engineering, simulations and tested development, and performance studies for the DoD and other key Defense agencies. Terms of the transaction were not disclosed.
Mubea has agreed to acquire Cyclone Manufacturing, Inc., a provider of 3-5 axis machining, sheet metal fabrication, tube bending, welding and structural assemblies of aerospace structural components for private sector and international government aerospace markets. Terms of the transaction were not disclosed.
Tuthill Corp. has agreed to acquire EaglePicher Technologies, LLC, a portfolio company of GTCR, LLC, and a provider of mission-critical power systems, batteries, energetic devices, and battery management systems for the defense, aerospace, medical, and related industrial applications. Terms of the transaction were not disclosed.
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