Segment Monthlies

Defense Electronics Monthly - April 2024

 

Dive into the Latest Defense & Electronics Insights with Our April 2024 Edition!

Download and read the April 2024 issue of the Defense Electronics Monthly, covering the latest M&A deal news and valuation trends in the defense electronics sector, including activity in segments such as C4ISR and electronic warfare, rugged electronics, RF & microwave, embedded computing, interconnects, microelectronics & semiconductor and test & measurement. Sign up for the Defense Electronics Monthly distribution list to stay up-to-date on the headline acquisitions impacting your market and the current dynamics of the publicly traded strategic companies within the industry.


Key Defense Electronics Deals Announced

Target
Buyer
Description

 

Asymmetric_Technologies

 

CTI_Logo

a portfolio company of

Bluestone_Investment

  • Target: Columbus, OH-based Asymmetric is a developer of platform-agnostic, open-architectured, cybersecure UAS flight controller systems for private sector and U.S. federal government aerospace and defense markets. The company's IronClad platform provides avionics sensors and computing capabilities coupled with reliable, customized packages of open-source autopilot software.

  • Buyer: California, MD-based Chesapeake Technology International is a provider of software development, systems engineering, advanced visualization, and operational support services for military and other security systems.

  • Terms: Transaction announced on April 1, 2024. Terms not disclosed.

 

 

Equinox_Innovative

 

 

 

TCOM_Logo

 

  • Target: Columbia, MD-based Equinox is a provider of turnkey, modular, and tethered unmanned aerial systems (UAS) to private sector and U.S. federal government defense, maritime, telecommunications, energy, and public safety sectors. Equinox tethered drones can remain aloft for 30 days or more and can operate in all weather conditions.

  • Buyer:  Columbia, MD-based TCOM is a developer of tethered aerostat systems. The company's lighter-than-air crafts have been built for air and/or surface surveillance systems for the Italian Navy, United Arab Emirates Defense Forces, U.S. Army, and others.

  • Terms: Transaction announced on April 2, 2024. Terms not disclosed.

 

Sentient_Vision

 

Shield_AI

  • Target: Australia-based Sentient Vision Systems is a developer of autonomous detection solutions for electro-optical and infrared radiation video applications in global government, civilian and defense markets. Its ViDAR product line is the world's first AI-enabled optical sensor.

  • Buyer: San Diego, CA-based Shield AI provides next generation intelligence, reconnaissance, and surveillance systems to private sector and U.S. federal government defense and homeland security markets. The company builds AI to enable fully autonomous unmanned systems that dramatically reduce risk and enhance situational awareness in the most dangerous situations.

  • Terms: Transaction announced on April 4, 2024, and is subject to regulatory approval. Terms not disclosed.

  • Janes Capital Partners served alongside fellow Oaklins member firm Henslow as the co-advisor to Sentient Vision Systems

G3_Technologies

Cyber Radio Systems business

Epiq_Solutions

a portfolio company of

Veritas_Capital

  • Target: Mount Airy, MD-based Cyber Radio Systems business of G3 Technologies is a provider of high-performance radio frequency (RF) products including tuners, downconverters, and signal generators for defense and intelligence applications. The company develops open architecture high performance RF receivers and embedded signal processing platforms with high RF performance, channel count, and tuning range up to 50 GHz.

  • Buyer:  Rolling Meadows, IL-based Epiq Design Solutions is a developer of software-defined radio (SDR) tools that provide detailed insight into RF environments in order to identify and act against wireless threats. The company supports both the private and public sectors.

  • Terms: Transaction announced on April 5, 2024. Terms not disclosed.

 

L3Harris_Logo

Antenna and Test Equipment business

FISICA

a portfolio company of

Kander&Co

  • Target: Palm Bay, FL-based Antenna and Test Equipment businesses of L3Harris specialize in a wide range of airborne and ground-based antennas, test equipment, simulators, and electromagnetic systems for use across communications, radar, warning systems, nuclear effects testing, and imaging and remote sensing.

  • Buyer: San Leandro, CA-based Fisica is a recently formed defense technology platform owned and operated by Kanders & Company. The platform will focus on organic growth and targeted acquisitions in the electronic warfare and communications sectors.

  • Terms: Transaction announced on April 5, 2024. The purchase price is expected to be $200M.

Triad_Systems

Comrad

  • Target: East Brunswick, NJ-based Triad RF is a designer and manufacturer of RF/microwave amplifiers and integrated radio systems for long-range RF communications in private sector and U.S. federal government aerospace and defense markets. The company's products are designed for counter UAS, CubeSat/small sat, electronic warfare, and ISR data link applications.

  • Buyer: Norway-based Comrod is a supplier and manufacturer of antennas, antenna systems, tactical masts, control systems, utility systems, and power supplies for the defense, maritime, and commercial sectors.

  • Terms: Transaction announced on April 22, 2024. Terms not disclosed.

Ascent_Aerosystems

Robinson_Helicopter_Co

  • Target: Wilmington, MA-based Ascent AeroSystems is a manufacturer of durable "coaxial" vertical takeoff and landing Unmanned Aerial Vehicles (UAVs) for defense, homeland security, and industrial markets. The coaxial drones are portable and rugged, with a cylindrical airframe, collapsible rotor blades, and optional landing gear, and have available MIL-SPEC 810G features.

  • Buyer: Torrance, CA-based Robinson Helicopter is a manufacturer of light civilian helicopters and also offers maintenance and training services. Examples aircrafts include the R66 Turbine, the R44 Cadet, and the R22 Beta II.

  • Terms: Transaction announced on April 23, 2024. Terms not disclosed.

Cablet_Aerospace

ISC_Interconnecta portfolio company of

TideRock_Logo

  • Target: Centennial, CO-based Cablenet Aerospace is a contract manufacturer of cables, cable assemblies, wiring harnesses, mechanical and electro-mechanical assemblies, Electrical Ground Support Equipment (EGSE), control boxes, test cabinets, coaxial cable assemblies, mil-spec products, test tools, break out boxes, and more in turnkey applications.

  • Buyer: Fountain Valley, CA-based Interconnect Solutions designs and manufactures custom and complex interconnect solutions, including cable assemblies, harnesses, custom overmolded solutions, and molded strain reliefs.

  • Terms: Transaction announced on April 25, 2024. Terms not disclosed.