M&A Transactions
Cerberus Capital Management, L.P. has acquired M1 Support Services, L.P., a provider of professional, technical, and facilities aviation services for private sector, aerospace, defense, and homeland security markets. KippsDeSanto & Co. acted as financial advisor to Cerberus Capital Management. Terms of the transaction were not disclosed.
BCS, LLC, a subsidiary of The Asserac Group has acquired Allegient Defense, Inc., a subsidiary of NowVertical Group Inc. (TSX-V: NOW), a provider of technically oriented services such as unmanned air systems, autonomous unmanned systems teaming and collaboration, directed energy, C4ISR, IT, S&T, and technical program management & corporate communications support to the private sector and the U.S. federal government. The transaction is valued at $12.5 million.
Bernhard Capital Partners Management, LP has acquired Apogee Engineering, LLC, a provider of engineering and technology solutions in the areas of adaptive acquisition, digital transformation, mission operations, and science & technology to the private sector and U.S. federal government defense markets. Terms of the transactions were not disclosed.
CORE Industrial Partners, LLC has acquired National Manufacturing Co, Inc., a provider of precision deep and shallow drawn enclosures and metal components, high-speed CNC milling and turning, and wire EDM and sinker capabilities for aerospace, defense, and other industrial markets. Terms of the transaction were not disclosed.
TransDigm Group, Inc. (NYSE: TDG) has agreed to acquire Raptor Scientific, LLC, a portfolio company of L Squared Capital Partners and provider of complex, highly engineered, and proprietary test and measurement solutions for aerospace, defense, and space markets. The transaction is valued at $655 million.
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