M&A Transactions
The Chenega Corp. has acquired Securigence, LLC, a provider of cyber security solutions for private sector and U.S. federal government defense and intelligence markets. Terms of the transaction were not disclosed.
ESCO Technologies, Inc. (NYSE: ESE) has acquired the Signature Management and Power business of Ultra Maritime, a subsidiary of Ultra Electronics Holdings Ltd., a subsidiary of Cobham Ltd., a portfolio company of Advent International Corp. and a provider of fully ruggedized power conversion and signature management solutions for both submarines and surface ships in the U.S. and U.K. naval defense markets. The transaction is valued at $550 million.
Markon, LLC, a portfolio company of Sterling Investment Partners, L.P., has agreed to acquire Advanced Systems Engineering Corp., a provider of management, systems engineering, finance, cybersecurity, and software development services to U.S. federal government customers, particularly within the Intelligence Community. Terms of the transaction were not disclosed.
Platinum Equity, LLC has agreed to acquire Héroux-Devtek Inc. (TSX: HRX), a provider of the design, manufacturing, repair, and overhaul of specialized landing gear solutions for international aerospace markets. The transaction is valued at $1.3 billion.
Signia Aerospace, a portfolio company of Arcline Investment Management, L.P, has agreed to acquire the Goodrich Hoist & Winch business of Collins Aerospace, a subsidiary of RTX Corp. (NYSE:RTX) and a provider of the manufacturing and design of helicopter rescue hoists and cargo winches built to withstand extreme conditions for international civil and military markets. Terms of the transaction were not disclosed.
SIXGEN, Inc., a portfolio company of Washington Harbour Partners, L.P., has acquired Secure Enterprise Engineering, Inc., a provider of disruptive cybersecurity system engineering, architecture, and operational capabilities for private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.
Securities and investment banking products and services are offered through KippsDeSanto & Co., a nonbanking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
