Ternion Corporation (“Ternion” or the “Company”), a Huntsville, Alabama-based developer of advanced modeling and simulation software, has been acquired by Precise Systems Inc., a portfolio company of Bluestone investment Partners.
Founded in 1989, Ternion develops custom and commercial off-the-shelf simulation solutions for government, commercial aerospace and defense customers using its proprietary, flexible simulation framework, FLAMES®. The Company’s solutions support a broad range of mission-critical applications, including command and control training, mission planning and rehearsal, systems engineering, test and evaluation, experimentation and analysis.
“Joining Precise Systems marks an exciting new chapter for Ternion,” said Brad Spearing, President, Ternion, “Precise brings the scale, complementary capabilities and customer relationships needed to accelerate innovation and expand the reach of our technology while preserving the agility, technical rigor and customer focus that have defined Ternion for more than three decades. We look forward to what our combined teams will accomplish.”
The acquisition expands Precise Systems’ Interactive Training & Simulation capabilities and advances its strategy of accelerating technology innovation to deliver scalable solutions that enhance warfighter readiness and mission effectiveness.
Philpott, Ball & Werner, LLC served as the exclusive financial advisor to Ternion.
About Philpott Ball & Werner (“PB&W”)
Founded in 1991, PB&W is a premier middle-market investment bank that provides merger, acquisition and company sale advisory services, as well as providing fairness opinions and select private placements. PB&W serves clients throughout North America, the United Kingdom and the European Union with offices located in greater Boston and Charlotte. To learn more about PB&W, please visit www.pbandw.com.
