Transactions

October 21 2015

KippsDeSanto & Co. Advises ForceX, Inc. on its Sale to L-3 Communications

KippsDeSanto & Co. is pleased to announce the acquisition of our client, ForceX, Inc. (“ForceX” or the “Company”), by L-3 Communications (“L-3”) (NYSE:LLL). ForceX is an industry leader in Intelligence, Surveillance, and Reconnaissance (“ISR”) software development and hardware integrations, and geospatial application technology programs, supporting the Department of Defense (“DoD”), other civilian and government agencies, and security organizations.

Based in Nashville, TN, ForceX is a leading developer of highly-customized mission-critical solutions to support navigation, surveillance, tracking, command and control (“C2”) solutions, increasing situational awareness, forward operator safety, and the probability of mission success. ForceX has established itself as a leader in the custom software solutions space, boasting deep operational expertise supporting mission-execution platforms, battlefield and weapons management systems, intelligence exploitation, and covert Special Operations Forces (“SOF”) missions.  Through its partnership with L-3, ForceX expects to deliver even greater value to its customers, as well as pursue additional growth areas.

We believe this transaction demonstrates several key trends in the defense M&A environment:

• Buyers continue to place premium value on companies with differentiated ISR software capabilities that improve situational awareness and operator decision-making

• Importance of relationships with mission-critical programs and customers that support the most sensitive and classified missions (e.g., U.S. Special Operations Command)

• Major defense integrators continue to seek revenue synergies and improve market sector positioning through selective M&A activity

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

LEAD INVESTMENT BANKERS

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Kevin P. DeSanto

Contact Kevin
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Karl M. Schmidt

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, ForceX, Inc. (“ForceX” or the “Company”), by L-3 Communications (“L-3”) (NYSE:LLL). ForceX is an industry leader in Intelligence, Surveillance, and Reconnaissance (“ISR”) software development and hardware integrations, and geospatial application technology programs, supporting the Department of Defense (“DoD”), other civilian and government agencies, and security organizations.

Based in Nashville, TN, ForceX is a leading developer of highly-customized mission-critical solutions to support navigation, surveillance, tracking, command and control (“C2”) solutions, increasing situational awareness, forward operator safety, and the probability of mission success. ForceX has established itself as a leader in the custom software solutions space, boasting deep operational expertise supporting mission-execution platforms, battlefield and weapons management systems, intelligence exploitation, and covert Special Operations Forces (“SOF”) missions.  Through its partnership with L-3, ForceX expects to deliver even greater value to its customers, as well as pursue additional growth areas.

We believe this transaction demonstrates several key trends in the defense M&A environment:

• Buyers continue to place premium value on companies with differentiated ISR software capabilities that improve situational awareness and operator decision-making

• Importance of relationships with mission-critical programs and customers that support the most sensitive and classified missions (e.g., U.S. Special Operations Command)

• Major defense integrators continue to seek revenue synergies and improve market sector positioning through selective M&A activity

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

LEAD INVESTMENT BANKERS

banker-photo

Kevin P. DeSanto

Contact Kevin
banker-photo

Karl M. Schmidt

Contact Karl