M&A Transactions
AE Industrial Partners, LP has acquired Air Transport Components, LLC, a portfolio company of Holder Family Investments, LLC and provider of aircraft component maintenance, repair, and overhaul ("MRO") services for commercial and military markets. Terms of the transaction were not disclosed.
Eaton Corporation Plc (NYSE: ETN) has agreed to acquire Ultra PCS, a portfolio company of Advent International, LP and provider of high-integrity control products, such as compact on-board gas compressors, for aerospace, military vehicle, and soldier applications. The transaction is valued at $1.55 billion.
ELTA North America Inc., a subsidiary of Israel Aerospace Industries Ltd., has acquired the Explosive Hazard Detection Business of Chemring Group Plc (LSE: CHG), a provider of advanced point and stand off chemical threat detection systems, as well as C-IED and mine detection systems, for private sector and U.S. federal government defense markets. Terms of the transaction were not disclosed.
Kongsberg Discovery US, LLC, a subsidiary of Kongsberg Gruppen ASA (OSL: KOG), has acquired Sonatech, LLC, a provider of customized sonar and navigation subsystems for commercial and defense markets. Terms of the transaction were not disclosed.
Raft, LLC, a portfolio company of Washington Harbour Partners, has acquired N3Bula Systems, Inc., a provider of systems architecture, infrastructure, and platform as code ("PaC") solutions for the Department of Defense and Intelligence Community. Terms of the transaction were not disclosed.
Signicast, LLC, a portfolio company of Ares Management Corp. (NYSE: ARES), has acquired FS Precision Tech, LLC, a provider of precision, near-net titanium investment castings for space launch systems and fixed wing, rotary wing, manned, and unmanned aircraft. Terms of the transaction were not disclosed.
Tikehau Ace Capital S.A., a subsidiary of Tikehau Capital (ENXTPA: TKO), has agreed to acquire ScioTeq BV, a portfolio company of OpenGate Capital Management, LLC and provider of ruggedized displays for aviation and defense industries. Terms of the transaction were not disclosed.
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