Industry Week in Review – September 6, 2019

KippsDeSanto & Co. Industry Week in Review – September 6, 2019

Industry Week in Review – September 6, 2019

Transactions

AE Industrial Partners, LLC has acquired Triman Industries, Inc., a provider of highly engineered products and services to the global military aftermarket in support of a variety of mission critical air, land, and sea applications. Terms of the transaction were not disclosed.

AMETEK, Inc. has acquired Pacific Design Technologies, Inc., a provider of advanced, mission-critical thermal management systems and components used in a broad set of current and next-generation commercial aerospace, defense, and space platforms. The transaction is valued at an estimated $125 million.

CAE, Inc. has acquired a 50 percent stake in SIMCOM Holdings, Inc., a provider of advanced aviation training services to professional pilots, owner-operators, Part 135 operators, and maintenance personnel operating in general aviation, regional, military, government, and cargo operations around the world. The transaction is valued at an estimated $170 million.

CGI, Inc. has acquired Sunflower Systems, LLC, a provider of asset management software and services that enable organizations to improve decision making, accountability and regulatory compliance for all types of assets including personal and real property, fleet, IT assets, materials and more. Terms of the transaction were not disclosed.

Digital Intelligence Systems, LLC (DISYS) has agreed to acquire ALTEK Information Technology, Inc., a provider of responsive IT services and solutions to clients in both the public and private sector, most notably in the healthcare industry. Terms of the transaction were not disclosed.

Dovel Technologies, Inc., a portfolio company of Macquarie Capital, has acquired Ace Info Solutions, Inc., a provider of software and systems engineering, information technology infrastructure, information assurance, healthcare information technology, and administrative and personnel solutions to federal civilian and defense agencies. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as the financial advisor to Ace Info Solutions, Inc.

OpenGov, Inc. has acquired ViewPoint Government Solutions, Inc., a provider of multi-tenant SaaS software for permitting, licensing, and code enforcement operations to state and local governments. Terms of the transaction were not disclosed. The deal comes on the heels of OpenGov’s closing of its Series D financing round, in which it raised $51 million from Weatherford Capital and 8VC, with additional funding from prior investor Andreesen Horowitz.

Pattonair Ltd., a portfolio company of Platinum Equity, LLC, has acquired Adams Aviation Supply Co Ltd., a provider and distributor of parts and accessories for general and business aviation. Terms of the transaction were not disclosed. The deal comes on the heels of Pattonair’s pending $1.9 billion acquisition of Wesco Aircraft Holdings, Inc., a provider of comprehensive supply chain management services to the global aerospace industry.

Sev1Tech, LLC has acquired Engineering Solutions and Products, LLC, a provider of support services to the U.S. Army in the areas of systems engineering and integration, logistics and supply chain management, mission and program support, training and readiness, as well as information technology and cybersecurity. Terms of the transaction were not disclosed.

 

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