Transactions

October 18 2023

KippsDeSanto & Co. advises Combined Systems Inc., a portfolio company of Point Lookout Capital Partners, L.P., on its sale of certain assets to Day & Zimmermann

KippsDeSanto & Co. is pleased to announce the sale of certain assets of Combined Systems Inc. (“CSI” or the “Company”) to Day & Zimmermann, the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world.

Founded in 1981 and headquartered in Jamestown, PA, CSI is an established leader in the engineering, manufacturing, and marketing of pyrotechnic-initiated devices, precision military components, non-lethal and tactical munitions for the global defense and law enforcement communities. CSI’s customers include the U.S. Army, U.S. Marine Corps, U.S. Navy, local U.S. law enforcement agencies, and foreign military and security forces around the world.

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

• Continued use of divestitures for portfolio reshaping and realignment of long-term strategic plans

• Significant value attributed to acquiring operational synergies and tenured customer relationships

• Mission critical programs aligned with Department of Defense budgetary trends remain coveted

LEAD INVESTMENT BANKERS

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Karl M. Schmidt

Contact Karl

KippsDeSanto & Co. is pleased to announce the sale of certain assets of Combined Systems Inc. (“CSI” or the “Company”) to Day & Zimmermann, the century-old, family-owned provider of construction, engineering, maintenance, staffing, and defense solutions for leading corporations and governments around the world.

Founded in 1981 and headquartered in Jamestown, PA, CSI is an established leader in the engineering, manufacturing, and marketing of pyrotechnic-initiated devices, precision military components, non-lethal and tactical munitions for the global defense and law enforcement communities. CSI’s customers include the U.S. Army, U.S. Marine Corps, U.S. Navy, local U.S. law enforcement agencies, and foreign military and security forces around the world.

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

• Continued use of divestitures for portfolio reshaping and realignment of long-term strategic plans

• Significant value attributed to acquiring operational synergies and tenured customer relationships

• Mission critical programs aligned with Department of Defense budgetary trends remain coveted

LEAD INVESTMENT BANKERS

banker-photo

Karl M. Schmidt

Contact Karl