List of Acquisitive PE Backed Defense Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
Spectra PE Backed Vance Street Capital 2021-02-18 Alpharetta, Georgia, United States	Defense	-	4	4	-
VTG PE Backed Alvarez & Marsal Capital Partners 2023-09-19 Chantilly, Virginia, United States website	Defense	-	8	8	-
Arotech PE Backed Greenbriar Equity Group 2019-09-23 $81M Ann Arbor, Michigan, United States website	Defense	97	3	3	-
HDT Global PE Backed Nexus Capital Management 2021-05-18 Solon, Ohio, United States website	Defense	-	10	9	1
Sayres and Associates PE Backed Broadtree Partners Granite Creek Partners JPMorgan Chase 2021-08-02 Washington, District of Columbia, United States website	Defense	-	1	1	-
Iten Defense PE Backed Edgewater Capital Partners 2020-01-01 Ashtabula, Ohio, United States website	Defense	-	1	1	-
Exens Solutions PE Backed FCDE 2022-03-17 Villebon-Sur-Yvette, France website	Defense	-	1	1	-
Karman PE Backed Trive Capital 2021-01-26 Mukilteo, Washington, United States website	Defense	-	1	1	-
T2S Solutions PE Backed Madison Dearborn Partners 2023-11-29 Belcamp, Maryland, United States website	Defense	-	1	1	-
Action Target PE Backed Dubin Clark Praesidian Capital 2016-01-10 Provo, Utah, United States website	Defense	-	1	1	-
Armor Express PE Backed SBJ Capital 2015-07-10 Arlington, Virginia, United States website	Defense	-	-	-	-
Stag Arms PE Backed White Wolf Capital 2016-02-29 Cheyenne, Wyoming, United States website	Defense	-	-	-	-
Azimuth Technology PE Backed CCI 2020-09-29 Naples, Florida, United States website	Defense	-	-	-	-
AREX PE Backed RSBC 2017-12-14 Šentjernej, Slovenia website	Defense	-	-	-	-
Advanced Industries PE Backed Capital For Business, Inc. Konza Valley Capital, Inc. 2021-10-01 Odessa, Missouri, United States website	Defense	-	-	-	-
Capewell Aerial Systems PE Backed Argosy Private Equity Ironwood Capital 2018-09-07 South Windsor, Connecticut, United States website	Defense	-	1	1	-

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