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New Deal


Announced

Completed

Sagewind Capital-backed By Light Professional completed the acquisition of Veraxx Engineering.

Financials

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

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Private Equity

Domestic

United States

Majority

Completed

simulations

Defense

defense solutions

Friendly

Acquisition

Private

Single Bidder

Synopsis

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Sagewind Capital-backed By Light Professional, a systems integrator providing IT, leading edge training & simulation platforms and cyberspace operations, completed the acquisition of Veraxx Engineering, a provider of immersive, high-fidelity flight simulation training technologies. Financial terms were not disclosed. “The acquisition of Veraxx strategically broadens By Light’s existing capabilities within modeling & simulation and virtual training. Veraxx further enhances our efforts to expand our product offerings and technology solutions. We look forward to augmenting By Light’s synthetic training environment capabilities to include Veraxx’s full-flight simulators and expand our expertise to include additional platform aircraft," Bob Donahue, By Light Founder and CEO.

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