M&A Transactions
Augustus Global, LLC has acquired Omega Air, Inc., and its affiliate Omega Aerial Refueling Services, Inc., a provider of aircraft leasing, parts, contracted air-to-air refueling (AAR), and other flight services for international government aerospace and defense end markets. Terms of the transaction were not disclosed.
Bart & Associates, Inc., a portfolio company of DFW Capital Partners, has acquired Intelligent Waves, LLC, a provider of mission-focused technology, systems engineering, advanced cybersecurity and data intelligence solutions for U.S. federal defense, intelligence and civilian agencies. Terms of the transaction were not disclosed. KippsDeSanto & Co. served as exclusive financial advisor to Intelligent Waves, LLC.
Detroit Defense has acquired Athenix Solutions Group, a provider of systems engineering, software development, intelligence, cyber operations and special mission capabilities for U.S. federal defense and intelligence agencies. Terms of the transaction were not disclosed.
Extant Aerospace, a subsidiary of TransDigm Group Incorporated (NYSE: TDG), has agreed to acquire a portfolio of commercial rotorcraft, land systems, and business jet products from Woodward, Inc. (NASDAQ: WWD), a provider of precision energy control solutions for aerospace, defense, and other end markets. The transaction is valued at $240 million.
Ondas Holdings, Inc. (NASDAQ: ONDS) has acquired Insignito Solutions Ltd, a provider of AI-enabled passive acoustic intelligence systems for counter-UAS applications in private sector and international government aerospace and defense end markets, Ottopia Defense, a provider of communications infrastructure connecting unmanned maneuvering platforms with remote operators and command centers for the private sector and international aerospace and defense end markets, and Caribou Labs, a provider of resilient communications, GNSS-denied navigation, and deterministic identification for electronic warfare environments in private sector and international government aerospace and defense end markets. The transaction is valued up to $88 million, including potential earnout considerations of up to $32 million.
Rocket One Inc. (NASDAQ: RKTO) has agreed to acquire Tracer Drone Technologies, LLC, a provider of full-service unmanned aerial vehicle (UAV) solutions for defense and other end markets. Terms of the transaction were not disclosed.
Rohde & Schwarz GmbH & Co. has acquired NEOSAT GmbH, a provider of multi-antenna satellite systems, satellite-based IoT connectivity, communications payloads, and ground infrastructure for private sector and international government aerospace and defense end markets, and PHYTRONIC GmbH, a provider of waveform design and antenna algorithms for space and avionics communications in private sector and international government aerospace and defense end 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.
