Announced
Completed
Financials
Tags
satellite communications
Satellite
Completed
Acquisition
Majority
Friendly
Domestic
United States
space systems
Private Equity
Single Bidder
Private
Synopsis
Enlightenment Capital-backed Boecore, an aerospace and defense engineering company, completed the acquisition of Ascension Engineering Group, a provider of space system and satellite communications engineering solutions primarily. Financial terms were not disclosed. “Boecore’s acquisition of AEG comes at a time when there is a critical need for secure and robust satellite communications in space given an increasingly contested and congested environment. We will continue to invest in the platform to drive innovation, expand service and solution offerings that are integral to Boecore’s customers’ missions, and develop and maintain our nation’s most complex, integrated systems that protect national security,” Thomas Young, Enlightenment Capital Vice President.
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