M&A Deal Summary

Combined Systems Acquires Penn Arms

On February 25, 2009, Combined Systems acquired defense company Penn Arms from Point Lookout Capital Partners

Acquisition Highlights
  • This is Combined Systems’ 1st transaction in the Defense sector.
  • This is Combined Systems’ 1st transaction in the United States.
  • This is Combined Systems’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2009-02-25
Target Penn Arms
Sector Defense
Buyer(s) Combined Systems
Sellers(s) Point Lookout Capital Partners
Deal Type Add-on Acquisition

Target

Penn Arms

Jamestown, Pennsylvania, United States
Penn Arms, Inc. is a developer and manufacturer of various caliber firearms for law enforcement and military applications. Penn Arms specializes in single and multi-shot launchers capable of rapidly deploying various types of ammunition used in riot suppression and other crowd control operations. Penn Arms was founded in 1989 and is based in Jamestown, Pennsylvania.

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Buyer(S) 1

Buyer

Combined Systems

Jamestown, Pennsylvania, United States
Category Company
Founded 1981
Sector Defense
DESCRIPTION

Combined Systems manufactures branded less-lethal munitions, anti-riot products, and other related products that serve the military and law enforcement markets in the United States and abroad. Combined Systems was founded in 1981 and is based in Jamestown, Pennsylvania.

DEAL STATS #
Overall 1 of 2
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-03 Thompson Handcuffs

Bedford Park, Illinois, United States

Thompson Handcuffs Corp. is a developer, manufacturer, and marketer of a broad line of handcuffs and restraints. Thompson's products are sold to law enforcement, correctional facilities, federal agencies, and many law enforcement and national police forces throughout the world. Thompson Handcuffs was founded in 1985 and is based in Bedford Park, Illinois.

Buy -

Seller(S) 1

SELLER

Point Lookout Capital Partners

New York, New York, United States
Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Point Lookout Capital Partners is a private investment firm focused on control investments in US based businesses. The firm prefers investment situations where current management or owners desire to stay with the business. Point Lookout targets companies with cash flow of $2 to $10 million and generally invests $5 to $15 million of equity capital per transaction - although the firm will consider select investments requiring less than $5 million of capital. Sectors of interest include defense, media, consumer products and manufacturing. Point Lookout Capital Partners is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-03 Tri-Tech Forensics

Leland, North Carolina, United States

Tri-Tech Forensics is a developer, manufacturer, and marketer of DNA collection kits and forensic crime scene investigation products. Tri-Tech Forensics was founded in 1983 and is based in Leland, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Luna Labs USA

Charlottesville, Virginia, United States

Luna Labs USA is a technology resource for aerospace, energy, automotive, health sciences, first responders, telecommunications, and defense. Luna Labs USA is based in Charlottesville, Virginia.

Buy $21M
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