M&A Deal Summary

Edgewater Capital Partners Acquires Iten Defense

On January 1, 2020, private equity firm Edgewater Capital Partners acquired defense company Iten Defense

Acquisition Highlights
  • This is Edgewater Capital Partners’ 1st transaction in the Defense sector.
  • This is Edgewater Capital Partners’ 22nd transaction in the United States.
  • This is Edgewater Capital Partners’ 3rd transaction in Ohio.

M&A Deal Summary
Date 2020-01-01
Target Iten Defense
Sector Defense
Buyer(s) Edgewater Capital Partners
Deal Type Recapitalization

Target

Iten Defense

Ashtabula, Ohio, United States
Iten Defense is a provider of advanced composites and armor solutions used in personal protective equipment, fixed and rotary-wing aircraft, tactical vehicles, and maritime vessels. Iten Defense was founded in 2019 and is based in Ashtabula, Ohio.

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Buyer(S) 1

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 22 of 30
Sector (Defense) 1 of 1
Type (Recapitalization) 1 of 1
State (Ohio) 3 of 6
Country (United States) 22 of 29
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-14 Particle Dynamics

Saint Louis, Missouri, United States

Particle Dynamics engages in particle processing technologies and finished dose manufacturing, providing a wide range of products and services to the nutraceutical, consumer health, OTC, and pharmaceutical sectors. Particle Dynamics is also a recognized global leader in the supply of highly functional materials and a variety of microencapsulated vitamins, minerals, and OTC active pharmaceutical ingredients. Particle Dynamics was formed in 1990 and is based in Saint Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-17 Fiber Materials

Biddeford, Michigan, United States

Fiber Materials, Inc. is a materials solutions company that develops and manufactures high-temperature materials and composites for use in industrial, commercial, and aerospace applications. FMI produces carbon/carbon composites, carbon-ceramic, and advanced polymer matrix composites. Fiber Materials was established in 1969 and is based in Biddeford, Maine.

Sell -
Mergr

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