Industry Week in Review – September 27, 2019
KippsDeSanto & Co. Industry Week in Review – September 27, 2019
Industry Week in Review – September 27, 2019
Transactions
By Light Professional IT Services, Inc., a portfolio company of Sagewind Capital, LLC, has agreed to acquire Cole Engineering Services Inc., a provider of simulation-based training, gaming, support, and technical solutions. Terms of the transaction were not disclosed.
Centauri Corporation has acquired Kord Technologies, Inc., a provider of engineering, information technology, and programmatic support services to defense and civilian agencies. Terms of the transaction were not disclosed.
Commercial Vehicle Group, Inc. has acquired First Source Electronics, LLC, a provider of manufacturing solutions for end-products that are often deployed in extreme environments and have a high cost of failure, such as high-performance assemblies for tactical military communications, industrial material handling systems, and electronic braking systems for railway trains. The transaction was valued at an estimated $34 million.
EnerSys Inc. has acquired Northstar Battery Company, LLC, a provider of battery technology and energy storage solutions with its major operations, consisting of two production facilities, located in Springfield Missouri. The transaction was valued at an estimated $182.5 million.
Greenbriar Equity Group, L.P., has acquired Arotech Corp., a provider of training and simulation for air warfare, vehicles, and use-of force. They also provide maintenance services in connection with these systems. The transaction was valued at an estimated $80.8 million.
Jet Support Services, Inc. has acquired Tracware, Ltd., a provider of maintenance and business process control SaaS and related systems integration services for the aviation sector globally. Terms of the transaction were not disclosed.
Montagu Private Equity, LLP has agreed to acquire Jane’s Information Group, a subsidiary of IHS Markit, Ltd., and a provider of online subscription-based open source business intelligence data analysis reports for businesses in the aerospace, defense, and security industries. The transaction was valued at an estimated $470 million.
