--- title: Highly Successful Defense Exit Amid Growing Sequestration Concerns description: Janes Capital Partners served as Exclusive Financial Advisor to Composite Engineering, Inc. (“CEi”) in its sale to Kratos Defense and Security Solutions, Inc. image: https://blog.janescapital.com/hubfs/JCP_Tombstones/cei_kratos.jpg --- [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=700&height=86&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) [![Janes Capital Partners](https://blog.janescapital.com/hs-fs/hubfs/JCP-Logo-Color.png?width=720&height=89&name=JCP-Logo-Color.png "Janes Capital Partners")](https://www.janescapital.com/) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) - [Who We Are](https://www.janescapital.com/who-we-are) - [Advisory Services](https://www.janescapital.com/aerospace-defense-advisory-services) - Transactions - [Our Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Case Studies](https://blog.janescapital.com/case-studies) - Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - News & Events - [News & Past Events](https://blog.janescapital.com/news-events) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) Case Studies #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/case-studies/cei&text=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/case-studies/cei&t=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.janescapital.com/case-studies/cei&t=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) # Highly Successful Defense Exit Amid Growing Sequestration Concerns by [**Stephen Perry**](https://blog.janescapital.com/case-studies/author/stephen-perry) on Nov 21, 2023 ![case-studies-cei](https://blog.janescapital.com/hs-fs/hubfs/JCP_Tombstones/cei_kratos.jpg?width=300&height=300&name=cei_kratos.jpg)Janes Capital Partners served as Exclusive Financial Advisor to Composite Engineering, Inc. (“CEi”) in its sale to Kratos Defense and Security Solutions, Inc. CEi is a prime contractor that specializes in the design, manufacture, test and operation of aerial target drones, unmanned systems and composite structures. CEi’s customer base includes: the U.S. Air Force, U.S. Navy, U.S. Army and the Office of the Secretary of Defense, along with a growing portfolio of foreign militaries and is the recognized global leader in providing high performance and threat representative aerial target drones. #### THE CHALLENGE Janes Capital Partners was retained by Composite Engineering (CEi), a prime contractor, developer and manufacturer of high performance, advanced aerial targets and UAV platforms for the U.S. and foreign militaries. The sale process coincided with growing concerns about potential cuts to the U.S. DoD budget and declining spending by foreign militaries. #### THE SOLUTION Janes Capital Partners ran an aggressive M&A process targeting global A&D primes and leading private equity groups. We assisted management in developing an attractive and credible growth plan to address and mitigate concerns over the threat of potential DoD budget sequestration. In addition, our industry focus and extensive knowledge of the Aerospace & Defense industry enabled us to clearly articulate the highly-complex and valuable attributes of this unique business.   #### THE RESULTS CEi was successfully sold to Kratos Defense & Security Solutions (“KTOS”) for total consideration of $165 million. #### Share this [Share on X](https://x.com/intent/post?url=https://blog.janescapital.com/case-studies/cei&text=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) [Share on Facebook](https://www.facebook.com/sharer/sharer.php?u=https://blog.janescapital.com/case-studies/cei&t=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) [Share on LinkedIn](https://www.linkedin.com/shareArticle?mini=true&url=https://blog.janescapital.com/case-studies/cei&t=Highly+Successful+Defense+Exit+Amid+Growing+Sequestration+Concerns) - Recent - Topics Recent Topics [![Janes-Capital-Partners-25th-Year-Anniversary](https://blog.janescapital.com/hs-fs/hubfs/25-Year-White.png?width=100&height=81&name=25-Year-White.png "Janes-Capital-Partners-25th-Year-Anniversary")](https://www.janescapital.com/) ##### Janes Capital Partners, Inc. 100 Spectrum Center Drive, Suite 460 Irvine, CA 92618 [(949) 769-3323](tel:9497693323) About Us - [Who We Are](https://www.janescapital.com/who-we-are) - [Our Services](https://www.janescapital.com/aerospace-defense-advisory-services) - [Our Team](https://www.janescapital.com/our-team) - [Our History](https://www.janescapital.com/who-we-are#our-history) - [Our Approach](https://www.janescapital.com/who-we-are#our-approach) - [Testimonials](https://www.janescapital.com/testimonials) Industry Insights - [Key Aerospace & Defense Insights](https://blog.janescapital.com/key-insights) - [A&D Quarterly Reports](https://blog.janescapital.com/quarterly-reports) - [Segment Reports](https://www.janescapital.com/segment-reports) - [A&D Weekly Reports](https://blog.janescapital.com/weekly-ad-news-transactions) - [Client Case Studies](https://blog.janescapital.com/case-studies) News & Events - [Recent Transactions](https://www.janescapital.com/successful-aerospace-defense-ma-transactions) - [Upcoming Events](https://www.janescapital.com/aerospace-defense-conferences-networking-events) - [News & Past Events](https://blog.janescapital.com/news-events) Resources - [Connect with a Banker](https://www.janescapital.com/schedule-a-meeting-1#connect) - [General Inquiries](https://www.janescapital.com/contact-us) - [Privacy Policy](https://www.janescapital.com/privacy-policy) - [Business Continuity](https://www.janescapital.com/business-continuity-plan) [![janes-capital-parnters-oaklins-member-firm](https://blog.janescapital.com/hs-fs/hubfs/oaklins_white.png?width=146&height=60&name=oaklins_white.png)](https://www.oaklins.com/us/en/industry/aerospace-defense-security/)   Copyright © 2021 - 2026 Janes Capital Partners, Inc. & JCP Securities, Inc.   Securities offered through JCP Securities, Inc., Broker/Dealer, Member [FINRA](https://brokercheck.finra.org/firm/summary/140318) and [SIPC.](https://www.sipc.org/) Additional information regarding the investment professionals at Janes Capital Partners may be found using [FINRA's BrokerCheck](https://brokercheck.finra.org/). ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Stephen Perry", "url" : "https://blog.janescapital.com/case-studies/author/stephen-perry" }, "dateModified" : "2024-02-26T20:21:08.784Z", "datePublished" : "2023-11-21T19:23:25.000Z", "headline" : "Highly Successful Defense Exit Amid Growing Sequestration Concerns", "image" : [ "https://blog.janescapital.com/hubfs/JCP_Tombstones/cei_kratos.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.janescapital.com/case-studies/cei", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.janescapital.com/hubfs/JCP-Logo-Color.png" }, "name" : "Janes Capital Partners, Inc" } } ```