Belcan LLC, a portfolio company of AE Industrial Partners LLC, announced that it has acquired Intercom Consulting & Federal Systems Corp. Based in Lansdowne, VA, Intercom provides IT services including cyber security, enterprise management, systems engineering and architecture, and network engineering to government clients. PricewaterhouseCoopers LLP advised Belcan and AE Industrial Partners, while the McLean Group advised Intercom.
Dynamis Inc. announced that it has acquired the Emergency & Security Management Solutions (ESMS) subsidiary of Defense Group Inc. (DGI) including the COBRA integrated emergency and security management software suite.
According to Dynamis CEO, John Milam: “This cquisition enables us to better serve our emergency and security management customers, including the Homeland Security and Defense departments, and we are excited about the new growth opportunities this will create for our company.”
Headwaters MB advised DGI on the transaction. Deal terms were not disclosed.
Smith & Wesson Holding Corporation announced that it has agreed to acquire Crimson Trace Corporation from private equity firms Penninsula Capital Partners LLC and VergePoint Capital LLC for $95 million. Crimson Trace produces laser sights for firearms which are used by retail, military and law enforcement customers. The business generated trailing 12-month revenue of approximately $44 million and EBITDA of approximately $16.1 million.
Ok, this has to be one of the coolest deals we’ve mentioned. Implant Sciences Corporation announced that it has signed a letter of intent to acquire Marseilles, France-based Zapata Industries. Why is this deal so cool? Because Zapata makes a jet-powered hoverboard called the Flyboard Air, which has various applications in the military, industrial, recreational and medical fields. Seriously, I want one of these things. Check out their video:
Vector Space Systems, a micro satellite space launch company, announced that it has acquired Garvey Spacecraft Corporation. Founded in 2000, Garvey provides engineering, technical support, project management and hardware prototyping services for government and commercial clients including NASA, DARPA, and the Air Force. Vector was founded earlier this year and is developing a launch vehicle specifically designed for micro satellites weighing less than 50kg. Deal terms were not disclosed.
Centerra Group LLC announced that it has acquired The Development Initiative (TDI), a provider of commercial and humanitarian landmine clearance, unexploded ordinance disposal, training and remote logistics solutions in locations across Africa and the Middle East. Based in Zimbabwe, TDI provides its services to companies, government agencies, and NGO’s. Since 2005, the company has cleared over 26,000 km of roads and removed over 46,000 pieces of unexploded ordinance. Deal terms were not disclosed.
Halvik Corporation, an 8(a) certified company, announced that it has acquired SP Systems Inc., a provider of scientific research, engineering, data analysis, near real-time satellite data processing, algorithm development, and instrumentation to the federal government. SP Systems’ customers include NASA, NOAA, and DHS. The company is also a prime contract holder on GSA Alliant Small Business, which should position Halvik quite well on the upcoming Alliant 2 procurement for which the RFP was recently released. Deal terms were not disclosed.
Xator Corporation announced that it has acquired Paragon Communications Solutions Inc. Based in Herndon, Virginia, Paragon is a provider of tactical communications, networking, and countermeasures solutions. Deal terms were not disclosed.
Snow Phipps Group announced that it has acquired Winchester Electronics Corporation from Audax Private Equity. Winchester is a South Norwalk, Connecticut-based provider of custom engineered interconnect solutions for applications in the military/aerospace, medical, semiconductor, data infrastructure, test and measurement, and oil and gas markets. Lincoln International advised Winchester and Audax on the transaction.
Magellan Health Inc. announced that it has completed its acquisition of Armed Forces Services Corp. (AFSC), a firm focused on providing and managing behavioral health and specialty services to the federal government and military. AFSC has approximately 60 contracts with federal agencies and 1,800 employees and subcontractors that provide life coaching, counseling, training, rehabilitation, transition assistance, recruitment and retention, and family programs.
The base purchase price is $117.5 million with an earn-out of $10 million. AFSC had 2015 net revenues of approximately $135 million with segment profit of $16.5 million.
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