Announced
Completed
Financials
Tags
Completed
tactical communications solutions
Acquisition
Friendly
Majority
Domestic
Single Bidder
Private
United States
Defense
Venture Capital
Private Equity
Synopsis
Curtiss-Wright, an American, global diversified product manufacturer and service provider for the commercial, industrial, defense, and energy markets, completed the acquisition of Pacific Star Communications, a provider of tactical communications solutions for battlefield network management, from venture capital funds Endeavour Capital, Steelpoint Capital Partners, Fluke Venture Partners and Chart Venture Partners for $400m. The acquisition supports Curtiss-Wright's financial objectives for long-term profitable growth and strong free cash flow generation. PacStar is expected to generate sales in excess of $120m in 2020 and is expected to yield significant opportunities for revenue growth.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.