Mergers and acquisitions
Where Mercury & Belcan see their latest acquisitions taking them
Two acquisitions caught our attention on Thursday, both of which highlight the stories they form about their role in the market.
Here are reviews of what these acquirers have found and where they see the deals that lead them.
Again publicly traded strategic deals
Mercury Systems acquired two businesses, known collectively as Pentek, for $ 65 million in the deal to expand the range of buyers of robust, commercially available hardware offerings.
Pentek Technologies and Pentek Systems focus on software-defined radio and data acquisition boards, recording systems and defense subsystems and commercial applications.
In addition, the central state of Massachusetts “Mercury” said on Thursday that it expects the acquired companies to generate about $ 20 million in revenue for its fiscal year ending July 1, 2022.
“Their capabilities add scale and breadth to Mercury’s existing portfolio of mixed signals and deepen our penetration of our core radars, e-warfare (EW) and intelligence markets signals,” Mercury CEO Mark Aslet said in a statement.
“Like our previous acquisitions in the radio frequency and microwave domains, the acquisition of Pentek not only provides important new opportunities for our customers; this also allows us to increase the size of our common address market. “
So did this private capital
Belcan, an engineering and technical services company supported by AE Industrial Partners, acquired Victor42 to further enter the areas of special operations and IT services in the federal market.
The terms of the deal, announced on Thursday, were not disclosed. Belcan cites some of Victor42’s federal clients, including the Special Operations Command, the Defense Threat Reduction Agency and the Veterans Division.
Victor42 also works with other government contractors and technology companies such as IBM, Palantir, CACI International and Jacobs. According to Belcan, Victor42’s geographical footprint spans six continents.
For Belcan, this is the 17th acquisition of the Cincinnati-based company with the support of AEI and comes seven months after its most recent focus on government a purchase that was on the IT modernization team of Telesis Corp.
Belcan is one of several investments in the AEI platform in the government market along with BigBear.ai, CDI, Gryphon Technologies and the Redwire space company will soon be publicly traded.
In Victor42, Belcan sought out a company that provided intelligence training to special operations forces and other clients seeking such services. The IT component includes analytical support and software services for intelligence and operations.
Kirkland & Ellis LLP was a legal advisor and PricewaterhouseCoopers was a financial advisor to Belcan. Impresa Legal Group was a legal advisor to VICTOR42.