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Tracker · Deals and capital

Private equity defense deals in 2020

Dec 202031

iNRCORE buys Gowanda Components Group

Backed by Jordan

a US-based designer and manufacturer of high-performance electronic components for high-reliability applications such as medical devices, test and measurement, rail and communications infrastructure, in addition to aerospace and defense

components and materialsC4ISR and electronicsSource
UndisclosedClosed
Dec 202031

Vertex sells Crestview Aerospace to Vertex's shareholders

Buyer: Vertex's shareholders · Backed by American Industrial Partners

Vertex's Crestview Aerospace business line, spun off from the Vertex Business

UndisclosedClosed Dec 31, 2020
Dec 202028

J.F. Lehman & Company buys CTS Engines

Independent provider of maintenance, repair and overhaul services for mature aircraft engines

MRO and sustainmentpropulsionSource
UndisclosedClosed
Dec 202028

American Industrial Partners takes a stake in Orizon Aerostructures

Manufacturer of large complex structural components, metal finish processing and major sub-assemblies for airframe manufacturers.

aerostructuresSource
$50 millionClosed Dec 28, 2020
Dec 202023

Incodema Holdings buys Majestic Metals

Backed by CORE Industrial Partners

a provider of precision sheet metal fabrication services

components and materialsSource
UndisclosedClosed
Dec 202023

Elbit Systems of America buys Sparton

Seller: An affiliate of Cerberus Capital Management

developer, producer and supplier of electronic systems supporting Undersea Warfare for the U.S. Navy and allied military forces

C4ISR and electronicsEW and sensorsshipbuilding and maritimeSource
$380 millionClosed Apr 4, 2021
Dec 202021

BlueHalo buys Fortego

Backed by Arlington Capital Partners

A Maryland-based provider of advanced SIGINT and cyber operations solutions, including cyber analytics, vulnerability research, and CNO engineering

cyberintelligence communitySource
UndisclosedClosed Dec 21, 2020
Dec 202021

BlueHalo buys Base2

Backed by Arlington Capital Partners

A Maryland-based provider of cyber solutions across Computer Network Operations, Signals Intelligence and Quick Reaction Capability

cyberintelligence communitySource
UndisclosedClosed Dec 21, 2020
Dec 202021

TCFIII Spaceco Holdings buys American Automated Engineering

Backed by Trive Capital

Manufacturer of high-temperature composites

components and materialsmunitions and missilesSource
UndisclosedClosed Dec 21, 2020
Dec 202021

BigBear.ai buys ProModel Government Services

Seller: ProModel Government Solutions · Backed by AE Industrial Partners Fund II, LP

A provider of mission critical predictive and prescriptive analytics software solutions for decision support to the DoD and U.S. Government.

IT and government servicestraining and simulationSource
UndisclosedClosed Dec 21, 2020
Dec 202015

Octo merges with Sevatec

Backed by Arlington Capital Partners

A Fairfax-based provider of mission-critical software development solutions and digital modernization services to the Federal Government

IT and government servicesSource
UndisclosedClosed
Dec 202015

Redwire buys LoadPath

Backed by AE Industrial Partners

A developer of payload adapters, deployable structures and thermal products for the space industry

aerostructurescomponents and materialsspaceSource
UndisclosedClosed Dec 11, 2020
Dec 202014

Liberty Hall Capital Partners buys Comply365

Seller: Luminate Capital Partners

a global provider of operational content and compliance management solutions supporting the aerospace and rail industries

IT and government servicesSource
UndisclosedClosed
Dec 202009

J.F. Lehman & Company buys CodeMettle

Custom software development and proprietary software solutions for the management of critical communication networks

C4ISR and electronicsSource
UndisclosedClosed
Dec 202007

Northrop Grumman sells Federal IT and mission support services business to Peraton

Buyer: Peraton

Cybersecurity, data analytics, cloud, mission-critical application development and advanced engineering for government customers

IT and government servicescyberintelligence communitySource
$3.4 billionClosed Jan 30, 2021
Dec 202002

NuWave Solutions buys Open Solutions Group

Backed by AE Industrial Partners Fund II, LP

Big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems, data mining and systems engineering.

IT and government servicesintelligence communitySource
UndisclosedClosed Dec 2, 2020
Nov 202024

TransDigm Group buys Cobham Aero Connectivity

Seller: Cobham · Backed by Advent International

Provider of highly engineered antennas and radios for the aerospace end market.

C4ISR and electronicsSource
$945 millionClosed Jan 5, 2021
Nov 202019

Gunnison Consulting Group buys G2SF

Backed by Blue Delta Capital Partners

High-end IT services firm serving defense and civilian federal government customers

IT and government servicescyberSource
UndisclosedClosed Nov 19, 2020
Nov 202019

Arcline Investment Management buys Evans Capacitor

Designs and manufactures high-reliability, power dense capacitors.

components and materialsC4ISR and electronicsSource
UndisclosedClosed Nov 19, 2020
Nov 202017

TransDigm Group sells Avista to Belcan

Buyer: Belcan · Backed by AE Industrial Partners

Business TransDigm acquired in March 2019 as part of Esterline; it sat in TransDigm's Airframe segment.

$8 millionClosed Nov 17, 2020
Nov 202004

AE Industrial Partners buys Pangiam and Linkware

Linkware provides custom software solutions and consulting services to federal government organizations; Pangiam is a security and travel consulting services provider

IT and government servicesintelligence communitySource
UndisclosedClosed Nov 4, 2020
Nov 202003

Belcan buys Telesis

Backed by AE Industrial Partners

Technology services and solutions firm serving defense and civilian federal government customers, based in McLean, Virginia

C4ISR and electronicsIT and government servicescyberSource
UndisclosedClosed Nov 3, 2020
Nov 2020 

By Light Professional IT Services buys Raydon

Backed by Sagewind Capital

A full-service simulation platform company that designs, develops, and manufactures a complete mission reconfigurable platform.

training and simulationSource
UndisclosedClosed
Nov 2020 

Pine Island Capital Partners buys Meggitt Training Systems

Weapons safety, judgment and tactical training solutions for military and law enforcement customers; renamed InVeris on 2020-10-07

training and simulationSource
UndisclosedClosed
Nov 2020 

Fairbanks Morse Defense buys BRECO International

Backed by Arcline Investment Management

Diesel engine repair and rebuilding service provider.

MRO and sustainmentpropulsionshipbuilding and maritimeSource
UndisclosedClosed Nov 2020
Oct 202029

DC Capital Partners buys Hill Technical Solutions

Systems engineering and integration, advanced technology development, systems architecture design and analysis, and hypersonic design and testing solutions for the Missile Defense Agency, Army, Navy and Air Force

munitions and missilesIT and government servicesSource
UndisclosedClosed
Oct 202029

AEgis Technologies buys Brilligent Solutions

Backed by Arlington Capital Partners

Acquired and combined with AEgis and Applied Technology Associates to form BlueHalo, a provider of advanced engineering solutions and technology to the national security community

spaceEW and sensorsSource
UndisclosedClosed
Oct 202029

AEgis Technologies buys Applied Technology Associates

Backed by Arlington Capital Partners

Acquired and combined with AEgis and Brilligent to form BlueHalo, a provider of advanced engineering solutions and technology to the national security community

C4ISR and electronicsEW and sensorscyberSource
UndisclosedClosed Oct 29, 2020
Oct 202029

Redwire buys Roccor

Backed by AE Industrial Partners

A military and commercial hardware supplier in the small satellite market and a manufacturer of deployable booms, structures, antennas, thermal products and solar arrays

components and materialsspaceSource
UndisclosedClosed Oct 28, 2020
Oct 202028

Precision Aviation Group buys EFIX Aviation Support

Backed by GenNx360 Capital Partners

Brazil-based maintenance, repair and overhaul services for landing gear, hydraulic/pneumatic, electrical accessories, starter generators, batteries and avionics

MRO and sustainmentSource
UndisclosedClosed Oct 28, 2020
Oct 202028

TCFIII Spaceco Holdings buys AMRO Fabricating

Backed by Trive Capital

Founding business of Karman Space and Defense; combined with AEC as a supplier focused on manufacturing complex systems for the space and missile markets

spacemunitions and missilesSource
UndisclosedClosed Oct 28, 2020
Oct 202026

Survitec buys Inflatable Wall

Backed by Searchlight Capital Partners

Maker of the Inflatable Walls Training System, a modular close quarters battle training environment for military and law enforcement

training and simulationSource
UndisclosedClosed
Oct 202026

BBAI Ultimate Holdings buys PCI Strategic Management

Backed by AE Industrial Partners Fund II, LP

A technology-focused company that provides cybersecurity and computer network operations, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and related services.

IT and government servicescyberintelligence communitySource
UndisclosedClosed Oct 23, 2020
Oct 202026

Raytheon Technologies sells Forcepoint to Francisco Partners

Buyer: Francisco Partners

Raytheon Technologies' Forcepoint business

cyberSource
$1.1 billionClosed Jan 8, 2021
Oct 202020

Continental Mapping Consultants buys TSG Solutions

Backed by Bluestone Investment Partners

a global provider of situational awareness, geospatial services, and proprietary solutions for secured and unclassified environments

IT and government servicesSource
UndisclosedClosed
Oct 202012

Broadtree Partners buys Seanair

Seller: Laura Abel Nawrocki and Thomas Nawrocki · Backed by AE Industrial Partners

Manufacturer of OEM precision machined parts for the aerospace industry, including weapon-delivery components, based in Farmingdale, New York

aerostructurescomponents and materialsSource
UndisclosedClosed Oct 12, 2020
Sep 202030

CORE Industrial Partners sells Prototek to Snow Phipps

Buyer: Snow Phipps

one of the largest national rapid prototyping service providers, making CNC machined and fabricated parts

components and materialsSource
UndisclosedClosed
Sep 202024

DC Capital Partners buys Digital Force Technologies

Designs, develops and manufactures proprietary force protection and tactical surveillance products and solutions, primarily for the Special Operations community

C4ISR and electronicsEW and sensorsSource
UndisclosedClosed
Sep 202024

Amentum Holdings buys DynCorp International

Backed by American Securities and Lindsay Goldberg

A provider of sophisticated aviation, logistics, training, intelligence and operational solutions in over 30 countries worldwide

IT and government servicesMRO and sustainmentintelligence communitySource
$1.14 billionClosed Nov 20, 2020
Sep 202021

Arotech buys UST-Aldetec

Backed by Greenbriar Equity Group

A privately held design, engineering, manufacturing and services company specializing in complex, high reliability, mission critical electronic components, with sites in Fair Lawn, NJ, Sacramento, CA, and Reno, NV.

C4ISR and electronicsEW and sensorscomponents and materialsSource
UndisclosedClosed
Sep 202014

iNRCORE buys Bicron Electronics

Backed by Jordan

a provider of corona-free transformers, solenoids, and current sensing transformers

components and materialsSource
UndisclosedClosed
Sep 202002

Applied Composites buys Alliance Spacesystems

Backed by AE Industrial Partners

Provider of high-performance composite structures and assemblies for the commercial, civil and government satellite market

aerostructuresspaceSource
UndisclosedClosed Sep 2, 2020
Sep 202001

Integrated Polymer Solutions buys MAST Technologies

Backed by Arcline Investment Management

Designs, develops and manufactures RF, microwave and EMI absorbing materials for integration into military and electronics solutions.

EW and sensorscomponents and materialsSource
UndisclosedClosed Sep 1, 2020
Sep 2020 

Artemis Capital Partners buys Omega Optical

Manufacturer of highly engineered, high precision optical filters and coatings

EW and sensorscomponents and materialsSource
UndisclosedClosed Sep 2020
Aug 202031

Allegro MicroSystems buys Voxtel

Backed by One Equity Partners

Privately held company specializing in advanced photonic and 3D imaging technology including long-range, eye-safe LiDAR.

EW and sensorsSource
UndisclosedClosed
Aug 202028

TCFIII Spaceco Holdings buys Aerospace Engineering

Backed by Trive Capital

Founding business of Karman Space and Defense; combined with AMRO as a supplier focused on manufacturing complex systems for the space and missile markets

spacemunitions and missilesSource
UndisclosedClosed Aug 28, 2020
Aug 202026

kSARIA buys Compulink Cable Assemblies

Backed by Behrman Capital

AS9100-registered manufacturer of high-reliability cables and harnesses for commercial and military applications

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed
Aug 202025

Atlas Holdings buys Exide Technologies' Americas business

Seller: Exide Technologies

Battery maker whose GNB Industrial Power business serves motive power and network power markets; became Stryten Manufacturing

components and materialsSource
UndisclosedClosed Aug 25, 2020
Aug 202019

KBR buys Centauri

Seller: Arlington Capital Partners

Provides high-end engineering and development solutions for national security missions associated with space, intelligence, cyber, and emerging technologies such as directed energy and missile defense

cyberintelligence communityspaceSource
$827 millionClosed Oct 1, 2020
Jul 202029

CORE Industrial Partners buys Incodema and Newcut

Incodema, a precision sheet metal engineering solutions provider, and Newcut, a photo chemical etching manufacturer

components and materialsSource
UndisclosedClosed Jul 29, 2020
Jul 202027

Trive Capital takes a stake in Dan Magarian's Field Aerospace

Seller: Dan Magarian

Aircraft integration, engineering, modification and support services for government, aerospace and defense customers, focused on special-mission aircraft.

MRO and sustainmentC4ISR and electronicsSource
UndisclosedClosed
Jul 202008

Sagewind Capital buys QuantiTech

A provider of highly technical engineering services to the Army, Air Force, NASA and various other key defense agencies, based in Huntsville, AL.

IT and government servicesmunitions and missilesSource
UndisclosedClosed
Jul 202008

Arlington Capital Partners buys J&J Worldwide Services

A provider of mission-essential, preventative maintenance activities to critical U.S. Federal Government sites

IT and government servicesMRO and sustainmentSource
UndisclosedClosed Jul 8, 2020
Jun 202026

Sparton sells Sparton Manufacturing & Design Services to One Equity Partners

Buyer: One Equity Partners · Backed by Cerberus Capital Management

Contract manufacturing unit providing complex electromechanical solutions, rebranded Spartronics at closing.

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed Jul 21, 2020
Jun 202023

Redwire buys Made In Space

Backed by AE Industrial Partners

A provider of on-orbit space manufacturing technologies; the deal also includes Made In Space Europe, based in Luxembourg

components and materialsspaceSource
UndisclosedClosed Jun 22, 2020
Jun 202022

BigBear.ai buys NuWave Solutions

Backed by AE Industrial Partners Fund II, LP

A provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions to the Federal Government.

IT and government servicesintelligence communitySource
UndisclosedClosed Jun 19, 2020
Jun 202015

Kratos Integral Holdings buys ASC Signal

Seller: Communications & Power Industries

A manufacturer of high-performance, highly engineered antenna systems for satellite communications, radar, electronic warfare, and high frequency applications.

C4ISR and electronicsEW and sensorsspaceSource
$35 millionClosed Jun 30, 2020
Jun 202002

Thoma Bravo buys Exostar

Seller: Exostar's joint venture owners

A company focused on trusted, secure business collaboration for the highly-regulated aerospace and defense, life sciences and healthcare industries, with identity access management and secure collaboration software.

cyberIT and government servicesSource
UndisclosedClosed Jul 7, 2020
Jun 202001

AE Industrial Partners, LP buys Deep Space Systems

A pioneer in the space industry providing mission-critical payloads, systems and components

components and materialsspaceSource
UndisclosedClosed Jun 1, 2020
May 202006

Intrepid Solutions and Services buy Delta Solutions and Strategies

Seller: Delta Solutions and Strategies · Backed by Bluestone Investment Partners

a business unit whose assets include the General Services Administration OASIS Pool 4 contract vehicle

IT and government servicesSource
UndisclosedClosed
May 2020 

Creation Technologies buys Applied Technical Services

Backed by Lindsay Goldberg

A two-facility provider with longstanding relationships in the aerospace and defense, medical and industrial markets

C4ISR and electronicsSource
UndisclosedClosed
Apr 202007

AEgis Technologies buys Excivity

Backed by Arlington Capital Partners

A developer of mission-enabling technologies, including specialized security applications and situational awareness toolsets

cyberintelligence communitySource
UndisclosedClosed Apr 7, 2020
Apr 202002

AeroRepair buys Dallas Centerline

Backed by GenNx360 Capital Partners

Wheel and brake repair and overhaul services, based in Dallas, Texas

MRO and sustainmentSource
UndisclosedClosed Apr 2, 2020
Apr 202001

MAG Aerospace buys AASKI Technology

Backed by New Mountain Capital

A New Jersey-based government contractor that supplies systems engineering, project and acquisition management, and logistics and testing services.

C4ISR and electronicsIT and government servicesSource
UndisclosedClosed Apr 1, 2020
Apr 202001

Pine Island Capital Partners buys Precinmac

Seller: GenNx360 Capital Partners

Supplier of complex precision components for mission-critical applications in aerospace, defense, space, semiconductor and other high-requirements end markets

components and materialsSource
UndisclosedClosed Apr 2020
Apr 2020 

Ultra Electronics Holdings sells Flightline aircraft product lines to Ontic Engineering and Manufacturing

Buyer: Ontic Engineering and Manufacturing · Backed by CVC Capital Partners

Certain non-core aircraft product lines from the former Flightline business, within Ultra's Maritime SBU

components and materialsSource
$10 millionClosed Nov 2020
Mar 202020

L3Harris sells EOTech business to American Holoptics

Buyer: American Holoptics

$42 millionClosed Jul 31, 2020
Mar 202010

Bluestone Investment Partners buys Continental Mapping Consultants

a rapidly growing geospatial data analytics and mapping solutions provider

IT and government servicesSource
UndisclosedClosed
Mar 202009

Trive Capital sells AEVEX Aerospace to Madison Dearborn Partners and CoVant

Buyer: Madison Dearborn Partners and CoVant

Airborne intelligence, surveillance and reconnaissance (ISR) solutions provider with engineering and technology, flight operations and intelligence solutions units.

C4ISR and electronicsintelligence communitySource
UndisclosedClosed Mar 18, 2020
Mar 202004

AE Industrial Partners buys G.S. Precision

Manufacturer of complex, high precision components and specialty hardware used primarily in aerospace engines and defense systems

components and materialspropulsionSource
UndisclosedClosed Mar 4, 2020
Mar 202003

Whitcraft buys TECT Power

Backed by Greenbriar Equity Group

A provider of complex rotating and structural airfoil components for turbine engines used in commercial aerospace, business jet, defense and industrial markets.

propulsioncomponents and materialsSource
UndisclosedClosed
Mar 202002

AE Industrial Partners, LP buys Adcole Space

Seller: Adcole · Backed by Artemis Capital Partners

Satellite components, including optical sensors such as sun sensors, star trackers and star cameras

EW and sensorscomponents and materialsspaceSource
UndisclosedClosed Mar 2, 2020
Feb 202018

Cadence Aerospace buys Premier Processing

Backed by Arlington Capital Partners

A provider of surface finishing and special processing capabilities for aerospace and defense customers

components and materialsaerostructuresSource
UndisclosedClosed
Feb 202011

Titan Acquisition Holdings buys its 10% interest in San Diego Shipyard contributed to Titan Acquisition Holdings, L.P. for 10% interest

Seller: Huntington Ingalls Industries · Backed by Carlyle Group and Stellex Capital Management

A fleet service and repair site on San Diego Bay providing shipfitting, welding, pipefitting, machinery and repair services

MRO and sustainmentshipbuilding and maritimeSource
$83 millionClosed Feb 1, 2021
Feb 202010

Arotech buys Inter-Coastal Electronics

Backed by Greenbriar Equity Group

A privately-owned provider of live training and test instrumentation systems, headquartered in Mesa, AZ.

training and simulationC4ISR and electronicsSource
UndisclosedClosed
Feb 202007

AE Industrial Partners buys American Pacific

Seller: Huntsman Family Investments

Specialty materials manufacturer of critical chemicals, including oxidizers for solid rocket propellant, based in Cedar City, Utah

components and materialsmunitions and missilespropulsionSource
UndisclosedClosed Feb 7, 2020
Feb 202006

Corfin Industries merges with Micross Components

Backed by Behrman Capital

Provider of mission-critical microelectronic components and services for high-reliability markets

C4ISR and electronicscomponents and materialsSource
UndisclosedClosed
Feb 2020 

TJC buys iNRCORE

a manufacturer of catalog and custom magnetic components

components and materialsC4ISR and electronicsSource
UndisclosedClosed Feb 2020
Jan 202031

Woodward sells Woodward renewable power systems and protective relays businesses to the AURELIUS Group

Buyer: the AURELIUS Group

Woodward's renewable power systems business, protective relays business and other businesses within its Industrial segment (the majority of the disposal group)

components and materialsSource
$23 millionClosed Apr 30, 2020
Jan 202028

Precision Aviation Group buys World Aviation

Backed by GenNx360 Capital Partners

Toronto-based rewind and repair of rotary and static electrical generators and motor sub-components

MRO and sustainmentSource
UndisclosedClosed Jan 28, 2020
Jan 202015

Whitney, Bradley & Brown buys Decisive Analytics

Backed by H.I.G. Capital

Provider of advanced engineering and analytical support to the U.S. Department of Defense and U.S. Intelligence Community.

IT and government servicesintelligence communitySource
UndisclosedClosed Jan 15, 2020
Jan 202002

Gryphon Technologies buys OMNITEC Solutions

Backed by AE Industrial Partners

Provider of enterprise technology, cloud, analytical, strategic advisory and advanced engineering solutions to the defense and federal communities

IT and government servicesSource
UndisclosedClosed Jan 2, 2020
Jan 2020 

New Mountain Capital buys ILC Dover

Seller: Behrman Capital

An engineered solutions provider of mission-critical applications to the pharmaceutical, biopharmaceutical, food and beverage, and aerospace and defense industries.

components and materialsspaceSource
UndisclosedClosed

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