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Announced

Completed

Ultra Defense completed the acquisition of MAST Technology.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Majority

Defense

ammunition products

Single Bidder

Acquisition

United States

Completed

Synopsis

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Ultra Defense, a defense logistics specialist, completed the acquisition of MAST Technology, a military ammunition manufacturer. Financial terms were not disclosed. UDC-MAST will operate as a new division of UDC and remain in Warrensburg. It will continue to load, assemble and pack items like 40mm munitions, small caliber ammunition, M81 igniters, and numerous other niche products. "I am unbelievably excited for future opportunities. Matt's experience, knowledge, and integrity are well established in the defense community. Matt and I together are going to be a very formidable combination. I believe we can multiply our capabilities and obtain exponential growth," Jay Bell, MAST former CEO.

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