Industry Week in Review – September 24, 2021
KippsDeSanto & Co. Industry Week in Review – September 24, 2021
Industry Week in Review – September 24, 2021
M&A Transactions
Sedgwick Claims Management Services, Inc., has acquired Managed Care Advisors, Inc., a provider of workers’ compensation and specialty health plan products and services to the U.S. federal government. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor to Managed Care Advisors, Inc.
CI Capital Partners, LLC, has acquired The Cadmus Group, LLC, a portfolio company of Enlightenment Capital and provider of multi-disciplinary professional services to government agencies, utility, and commercial clients. Terms of the transaction were not disclosed.
Criterion Systems, Inc., has acquired Protas Solutions, Inc., a provider of information technology (“IT”) consulting specializing in data science, software engineering, and management consulting services. Terms of the transaction were not disclosed.
FLYHT Aerospace Solutions Ltd. (TSX-V: FLY), has acquired Water Vapor Sensing System (“WVSS-II”), a product line of SpectraSensors, a subsidiary of Endress+Hauser, Inc., and a provider of laser-based online field analytical instrumentation for process control and monitoring applications. The transaction is valued at $0.5 million.
GovExec, a portfolio company of Growth Catalyst Partners (“GCP”), has acquired Market Connections, Inc., a provider of primary market research services specializing in the technology and public sectors. Terms of the transaction were not disclosed.
Karman Missile & Space Systems, a portfolio company of Trive Capital Holdings, LLC, has acquired Systima Technologies, Inc., a provider of energetic systems for satellites and spacecraft that support U.S. national security missions and the next generation of American space exploration. Terms of the transaction were not disclosed.
Karman Missile & Space Systems, a portfolio company of Trive Capital Holdings, LLC, has acquired TMX Engineering and Manufacturing Corporation, a provider of precision machining of metal and composites for aerospace, medical, military, commercial, energy, and electronics industries. Terms of the transaction were not disclosed.
Latecoere S.A., a portfolio company of Searchlight Capital Partners, has acquired Shimtech de Mexico from Avantus Aerospace Ltd., a portfolio company of Inflexion and Auctus and provider of advanced, precision engineered structural composite assemblies and components, as well as a specialist in high strength aerospace fasteners, for the aerospace industry. Terms of the transaction were not disclosed.
Levine Leichtman Capital Partners has acquired In-Place Machining, LLC, a portfolio company of Platte River Equity and provider of high-acuity field machining, metrology, and diamond wire-cutting services for mission-critical infrastructure and equipment. Terms of the transaction were not disclosed.
Peraton Corporation, a portfolio company of Veritas Capital, has acquired the as-a-service (“aaS”) cloud business of ViON Corporation, a provider of IT infrastructure for public sector customers. Terms of the transaction were not disclosed.
Spire Global, Inc. (NYSE: SPIR), has agreed to acquire exactEarth Ltd. (TSX: XCT), a provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. The transaction is valued at $161.2 million.
White Wolf Capital, Inc., has acquired Weatherhaven Global Resources Ltd., a portfolio company of Fulcrum Capital Partners, Inc., and provider of rapid and redeployable mobile infrastructure for military operations. Terms of the transaction were not disclosed.
