PB&W Releases Annual DoD Budget Report – GFY24
PB&W has released it’s annual Department of Defense (“DoD”) Budget Report, which highlights current funding priorities and initiatives. Major focuses for the budget include Space, Weapons Systems, Naval and Missile Defense technologies.
Micro-Mode has been Acquired by ITT
Micro-Mode Products, Inc. (Micro-Mode) has been acquired by ITT, Inc. for approximately $80 million. Micro-Mode is a specialty designer and manufacturer of high-bandwidth Radio Frequency (RF) connectors for harsh environment defense and space applications.
PB&W to Attend Satellite 2023
PB&W is attending the 2023 Satellite conference in Washington, D.C. Satellite is one of the largest conferences focused on the satellite and space communities, with representation from all aspects of the industry including government/military, aviation, broadcasting/media, maritime, financial and more. We will be attending on Tuesday, […]
Xiphos has been Acquired by Epiq Solutions
Xiphos Systems Corporation (“Xiphos”), a provider of high-performance, space-focused computing solutions has been acquired by Epiq Solutions (“Epiq”), a portfolio company of The Veritas Capital Vantage Fund, L.P. (“Vantage Fund”) and a leading provider of software defined radio (“SDR”) and turnkey radio frequency (“RF”) solutions for governments and enterprises.
Blasters has been Acquired by Federal Signal Corporation
The assets and operations of Blasters, Inc. (“Blasters”), a leading manufacturer of truck-mounted waterblasting equipment, have been acquired by Federal Signal Corporation (NYSE: FSS) (the “Company”), a leader in environmental and safety solutions.
PB&W Releases A&D Market Update – December 2022
PB&W has released its latest A&D market update, which focuses on industry macro-trends as well as recent M&A activity and outlook.
FY23 Defense Policy Bill Approval
U.S. Senate approves record $858B defense-policy bill. For additional commentary by PB&W, please download our report.
Timken ADS has been acquired by PCX
Timken Aerospace Drive Systems (“ADS”) has been acquired by PCX Aerostructures, LLC (“PCX”). With operations in Manchester Connecticut, ADS is a leading provider of complex, flight critical transmission assembles, sub-assemblies, components and overhaul and repair services for military and civil rotorcraft.
Moog’s Northbrook Business Unit has been acquired by Quickset
Moog Inc.’s Northbrook business unit (“Quickset”) has been sold to Quickset Defense Technologies, LLC.
PB&W Attends NBAA 2022
Luke Korta and PB&W attended the 2022 edition of the National Business Aviation Association’s (NBAA) Business Aviation Convention and Exhibition (BACE). The event was held October 18-20 at Orlando’s Orange County Convention Center. This was the second BACE since COVID-19 first impacted commercial and business aviation.
An unintended consequence of the […]
NuSpace has been acquired by PCX
NuSpace, Inc. (“NuSpace”), a portfolio company of Cornerstone Capital Holdings LLC, has been acquired by PCX Aerosystems (“PCX”).
PB&W Attends 2022 AOC Symposium
Ted Werner and PB&W attended the 59th Annual AOC International Symposium & Convention in Washington D.C. on October 26th. The theme of the Convention was the Electromagnetic Spectrum Operations (EMSO) Playbook. Given the current global security environment to include the ongoing Ukraine Invasion and advancing defense technologies of […]
PB&W Attends AUSA 2022
Philpott Ball & Werner attended the 2022 Association of the US Army (“AUSA”) annual conference in Washington D.C. last week. AUSA is a nonprofit educational and professional development association serving America’s Army and supporters of a strong national defense. The conference was attended by Nick Berry and Jake Nester from […]
Dytran Instruments has been acquired by Spectris plc
Dytran Instruments, Inc. (‘Dytran’) has been acquired by Spectris plc (SXS: LSE), the expert in providing insight through precision measurement acquired, for $82 million.
Kratos has acquired CTT
Kratos Defense & Security Solutions (NASDAQ:KTOS) has acquired CTT.
Renaissance has been acquired by AEM
Renaissance Electronics & Communications has been acquired by AEM.
iRF Solutions has been acquired by Narda-MITEQ
iRF solutions has been acquired by Narda-MITEQ.
Moog’s Navigation Aids Business has been acquired by Thales
Thales has acquired the Moog ground-based navigation aids business located in Salt Lake City, Utah, enabling it to provide a more comprehensive navigation aid offering to its customers worldwide.
Avalex has been acquired by Mercury
Avalex Technologies has been acquired by Mercury Systems. Based in Gulf Breeze, Fla., Avalex is a provider of mission-critical avionics, including rugged displays, integrated communications management systems, digital video recorders, and warning systems.
Colorado Engineering has been acquired by CAES
Colorado Engineering, Inc. (CEI), a leading Radio Frequency (RF) and high-performance computing (HPC) solutions provider in Colorado Springs, Colorado, has been acquired by CAES. CEI’s cutting-edge advancements in providing solutions to complex defense and commercial systems, along with their extensive experience in RF, digital, analog hardware and software solutions, complement […]
The Espy Corporation has been acquired by Dover Corporation
The Espy Corporation (“Espy”) has been acquired by Dover Corporation and will become part of the Microwave Products Group (“MPG”) within Dover’s Engineered Products segment.
Galleon Embedded Computing has been acquired by Spectra
Galleon Embedded Computing AS (“Galleon”) has been acquired by Spectra, a portfolio company of Vance Street Capital. Galleon is the first strategic add-on acquisition of Spectra since forming the company in February 2021 by simultaneously merging three defense technology businesses.
Swift Textile Metalizing has been acquired by Integrated Polymer Solutions
Swift Textile Metalizing LLC (“STM” or “the Company”) has been acquired by Integrated Polymer Solutions, Inc. (“IPS”), a portfolio company of Arcline Investment Management (“Arcline”).
STM is a leading designer and manufacturer of highly engineered metalized fabrics used in electromagnetic (“EMI”) and radio frequency interference (“RFI”) shielding applications.
Pentek has been acquired by Mercury Systems
Pentek Technologies, LLC and Pentek Systems, Inc. (collectively, “Pentek”) have been acquired by Mercury Systems, Inc. (NASDAQ: MRCY), a leader in trusted, secure mission-critical technologies for aerospace and defense. Based in Upper Saddle River, N.J., Pentek is a leading designer and manufacturer of ruggedized, high-performance, commercial off-the-shelf (“COTS”) software-defined radio […]
Torotel has been acquired by TT Electronics
Torotel, Inc. (OTCMKTS: TTLO) has been acquired by TT Electronics plc through a merger with its wholly owned subsidiary, TT Group Industries, Inc.
Torotel is a specialized designer and manufacturer of precision magnetic components and systems including electro-mechanical assemblies, high-voltage transformers, dry-type transformers, toroidal coils, inductors, reactors and chokes.