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June 28 2024
Industry Week in Review – June 28, 2024

M&A Transactions

Madison Dearborn Partners has made a strategic investment in Omni Federal, a provider of innovative and intuitive mission and enterprise software solutions for the Department of Defense and Intelligence Community, improving the federal government’s technological capabilities in critical areas including Command and Control, Cybersecurity, Space, Geospatial, Modeling & Simulation, Training and Learning Management Systems. KippsDeSanto & Co. acted as financial advisor to Omni Federal. Terms of the transaction were not disclosed.

DZYNE Technologies, Inc., a portfolio company of Highlander Partners L.P., has acquired High Point Aerotechnologies, LLC, a portfolio company of Highlander Partners L.P. and provider of autonomous defense and robotic systems for mission-critical capabilities across aerospace, defense, and private sector markets. Terms of the transaction were not disclosed.

Hanwha Systems Co., Ltd. and Hanwha Ocean Co., Ltd., subsidiaries of Hanwha Corp. (KOSE: A000880), have agreed to acquire Philly Shipyard, Inc. (OB: PHLY), a portfolio company of Aker ASA (OSL: AKER) and provider of a U.S. shipyard constructing vessels compliant with the U.S. Jones Act and capabilities ranging from shipbuilding to repair and maintenance for both the private sector and federal government agencies. The transaction is valued at $100 million.

Safran S.A. (ENXTPA:SAF) has agreed to acquire Preligens, SAS, a provider of artificial intelligence analytics solutions specializing in high-end imagery, full motion video,and acoustic signals for international aerospace and defense markets. The transaction is valued at $236 million.

Wisk Aero, LLC, a subsidiary of Boeing Co. (NYSE: BA), has acquired Verocel, Inc., a provider of software and complex electronic hardware development for verification and validation across aerospace, industrial, and medical markets. Terms of the transaction were not disclosed.

Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking 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. 

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