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.
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.
CEi was successfully sold to Kratos Defense & Security Solutions (“KTOS”) for total consideration of $165 million.