Point Blank Enterprises, a portfolio company of Sun Capital Partners, announced that it has acquired the assets of The Protective Group Inc. (TPG), a ballistics armor manufacturer and systems integrator. Since 1971, TPG has been developing lightweight composite personnel and vehicle armor for the US military including the Army, Special Operations Forces, Navy, and Marine Corps.
Point Blank CEO Daniel Gaston comments: "The acquisition of TPG further strengthens our product and technology portfolio in personnel body armor protection, while adding new capabilities in the areas of engineering and systems integration for both aircraft and vehicular armor. Our businesses have complementary assets and sell to many of the same branches of the U.S. Military. We are delighted to bring The Protective Group into our organization and look forward to working with its team to leverage our joint portfolios and skillsets, while providing those in combat with the greatest protection possible.”
Deal terms were not disclosed.
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