M&A Transactions
Applied Intuition, Inc. has acquired Episys Science, Inc., a provider of next-generation, mission-critical autonomy software solutions for national security, including uncrewed aerial systems, surface warfare, maritime tracking and battle management command and control. Terms of the transaction were not disclosed.
LightPath Technologies, Inc. (NASDAQ: LPTH) has agreed to acquire G5 Infrared, LLC, a provider of high-performance infrared camera systems and imaging solutions, specializing in advanced thermal imaging technology for defense, border security, and Counter Unmanned Aerial Systems ("CUAS") markets. The transaction is valued at $27 million.
Mainline Information Systems, LLC, a portfolio company of H.I.G. Capital, has agreed to acquire Converge Technology Solutions Corporation (TSX: CTS), a provider of services-led, software-enabled, Information Technology ("IT") and cloud solutions to private sector and government markets. The transaction is valued at $923 million.
SMX, a portfolio company of OceanSound Partners, has acquired cBEYONData, LLC, a provider of implementation, design, and managed service capabilities, as well as a proprietary portfolio of budget management and financial analytics solutions that provide real-time data visibility and transparency to customers within the Department of Defense ("DoD") and federal civilian agencies. Terms of the transaction were not disclosed. KippsDeSanto & Co. acted as financial advisor for cBEYONData, LLC.
Standex International Corp. (NYSE: SXI) has acquired McStarlite Co., a provider of cold deep draw and bulge-formed aviation components, including segmented and single-piece lipskins, nozzles, complex sheet metal assemblies, and tooling to support production hardware. The transaction is valued at $56.5 million.
Tide Rock Holdings has acquired Airsupply Tools, Inc., a provider of tool kitting and maintenance, repair, and operations ("MRO") products and distribution solutions for defense, aerospace, and industrial customers. Terms of the transaction were not disclosed.
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