Announced
Completed
Synopsis
ARMADA Parent, a US-based provider of naval and industrial services, completed the acquisition of Poseidon Industrial, a Virginia-based ship repair and modernization services company supporting the US Navy. Financial terms were not disclosed. “Our acquisition of Poseidon represents a critical next step in strengthening ARMADA’s ability to serve our defense and maritime partners with precision, agility, and unwavering quality. Poseidon’s expertise in combat systems and electrical modernization aligns perfectly with our mission to deliver integrated solutions across public and private shipyards,” Yehuda Chakoff, ARMADA CEO.
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