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May 3 2024
Industry Week in Review – May 3, 2024

M&A Transactions

Bridge Core LLC ("Bcore"), a portfolio company of NewSpring Capital, has acquired 2 Twelve Solutions LLC, a provider of rapid prototyping and digital transformation solutions for private sector and U.S. federal government defense markets. KippsDeSanto & Co. acted as financial advisor to 2 Twelve. Terms of the transaction were not disclosed.

Altair Engineering, Inc. (NasdaqGS: ALTR) has acquired Research In Flight, LLC, a provider of computational fluid dynamics ("CFD") software and other analysis tools designed for aerospace engineering applications. Terms of the transaction were not disclosed.

Case Consulting LLC, a portfolio company of AE Industrial Partners, LP, has acquired Cyberkinetics LLC, a provider of cloud-based services and solutions for federal agencies and commercial clients with compliance mandates. Terms of the transaction were not disclosed.

Deloitte LLP, a subsidiary of Deloitte Touche Tohmatsu Ltd., has acquired Gryphon Scientific, LLC, a provider of biosafety, biosecurity, and all-hazards and response solutions for private sector and U.S. federal government civil, defense, and healthcare markets. Terms of the transaction were not disclosed.

EDGE Group PJSC has made a strategic investment in Condor S.A. Industria Quimica, a provider of various non-lethal weapons for private sector and international defense and law enforcement markets. Terms of the transaction were not disclosed.

SES S.A. (BDL:SESGL) has agreed to acquire Intelsat S.A., a provider of integrated satellite networks delivering diversified voice, data, and video solutions for aviation, defense, space, and commercial markets. The transaction is valued at $3.1 billion.

Special Aerospace Services, LLC, a portfolio company of Godspeed Capital, has acquired Willbrook Solutions, Inc., a provider of engineering solutions and systems for aerospace, defense, and private sector markets. Terms of the transaction were not disclosed.

The Boeing Company (NYSE: BA) has acquired the St. Louis, Missouri-based Manufacturing Operations of GKN Aerospace, a subsidiary of Melrose Industries PLC (LSE: MRO.L), and provider of aviation grade aluminum, titanium, and carbon fiber parts used in aircraft fuselage, wings, and flight control surface assemblies across commercial and government 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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