Transactions
November 15 2018
KippsDeSanto & Co. advises BEI Precision Systems & Space Company on its Acquisition of Thistle Design
KippsDeSanto & Co. is pleased to announce the acquisition of Thistle Design (MMC) Limited (“Thistle”) by an affiliate of our client, BEI Precision Systems & Space Company, Inc. (“BEI PSSC”), a portfolio company of J.F. Lehman & Co.
Following the acquisition of BEI PSSC in April 2017, J.F. Lehman has bolted-on Thistle to complement BEI PSSC’s portfolio of optical encoders, accelerometers, optical scanners, and custom space instruments, with Thistle’s engineering and production capabilities in encoders, resolvers, and other positioning and measurement sensors.
The acquisition provides BEI PSSC with an expanded, international customer base, as Thistle supports several high-profile UK land system and naval programs alongside several well-known prime contractors. Additionally, Thistle also supports numerous industrial applications for customers throughout the UK and Europe.
BEI PSSC hopes to leverage its strong reputation and customer relationships within the industry to market and promote Thistle’s products in both the U.S. and internationally to create significant value. This marks BEI PSSC’s first acquisition and the Company continues to focus on both organic and inorganic growth opportunities.
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.
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Brian T. Tunney
KippsDeSanto & Co. is pleased to announce the acquisition of Thistle Design (MMC) Limited (“Thistle”) by an affiliate of our client, BEI Precision Systems & Space Company, Inc. (“BEI PSSC”), a portfolio company of J.F. Lehman & Co.
Following the acquisition of BEI PSSC in April 2017, J.F. Lehman has bolted-on Thistle to complement BEI PSSC’s portfolio of optical encoders, accelerometers, optical scanners, and custom space instruments, with Thistle’s engineering and production capabilities in encoders, resolvers, and other positioning and measurement sensors.
The acquisition provides BEI PSSC with an expanded, international customer base, as Thistle supports several high-profile UK land system and naval programs alongside several well-known prime contractors. Additionally, Thistle also supports numerous industrial applications for customers throughout the UK and Europe.
BEI PSSC hopes to leverage its strong reputation and customer relationships within the industry to market and promote Thistle’s products in both the U.S. and internationally to create significant value. This marks BEI PSSC’s first acquisition and the Company continues to focus on both organic and inorganic growth opportunities.
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.
LEAD INVESTMENT BANKERS
Karl M. Schmidt
Brian T. Tunney
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