Announced
Completed
Financials
Tags
simulation training
Private
Friendly
Private Equity
Completed
shooting range equipments
Acquisition
weapon training
fire training
Majority
Single Bidder
United States
Defense
Cross Border
Synopsis
Pine Island Capital Partners, a mid-market private equity firm, completed the acquisition of Meggitt Training Systems, a supplier of integrated live fire and simulation weapons training systems, from Meggitt, a company specialising in high-performance components and sub-systems for the aerospace, defence and energy markets, for $146m. "The transaction is consistent with the group's strategy to focus on businesses of scale in markets where its leading positions offer greater potential for growth and operational efficiencies. The net proceeds will be used by the group for general corporate purposes and will further strengthen the group's liquidity," Meggitt.
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