M&A Deal Summary

FLIR Systems Acquires Endeavor Robotic

On February 11, 2019, FLIR Systems acquired technology hardware company Endeavor Robotic from Arlington Capital Partners for 385M USD

Acquisition Highlights
  • This is FLIR Systems’ 8th transaction in the Technology Hardware sector.
  • This is FLIR Systems’ largest (disclosed) transaction.
  • This is FLIR Systems’ 14th transaction in the United States.
  • This is FLIR Systems’ 3rd transaction in Massachusetts.

M&A Deal Summary
Date 2019-02-11
Target Endeavor Robotic
Sector Technology Hardware
Buyer(s) FLIR Systems
Sellers(s) Arlington Capital Partners
Deal Type Add-on Acquisition
Deal Value 385M USD

Target

Endeavor Robotic

Chelmsford, Massachusetts, United States
website
Endeavor Robotic, Inc. is a provider of ground-based robots to the U.S. Department of Defense. Endeavor Robotic partner with U.S. and international defense forces, law enforcement, energy and industrial users to design and build innovative robotic solutions that support a wide range of missions. Endeavor Robotic, Inc. was founded in 2016 and is based in Chelmsford, Massachusetts.

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Buyer(S) 1

Buyer

FLIR Systems

Wilsonville, Oregon, United States

website

Category Company
Founded 1978
Sector Electronics
Employees4,265
Revenue 1.9B USD (2019)
DESCRIPTION

FLIR Systems is a maker of sensor systems that enhance perception and heighten awareness. FLIR Systems leverages thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. FLIR Systems was formed in 1978 and is based in Wilsonville, Oregon.

DEAL STATS #
Overall 24 of 26
Sector (Technology Hardware) 8 of 9
Type (Add-on Acquisition) 18 of 18
State (Massachusetts) 3 of 4
Country (United States) 14 of 16
Year (2019) 2 of 4
Size (of disclosed) 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Aeryon Labs

Waterloo, Ontario, Canada

Aeryon Labs, Inc. is the premier manufacturer of small Unmanned Aerial Systems (sUAS) and mission control software. Aeryon Labs is based in Waterloo, Ontario.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Aria Insights

Danvers, Massachusetts, United States

Aria Insights, Inc. is a developer of advanced unmanned aerial vehicles. Aria Insights fuses information across a team of intelligent aerial robots to transform data into actionable insights. Aria Insights, Inc. was founded in 2008 and is based in Danvers, Massachusetts.

Buy -

Seller(S) 1

SELLER

Arlington Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 7.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Arlington Capital Partners is a middle-market private equity firm focused on buyouts and recapitalizations in targeted growth industries. Arlington targets US based companies valued between $50 and $500 million with strong potential for organic growth and possible consolidation opportunities. Sectors of interest include business services and outsourcing, aerospace/defense, federal and commercial IT, media, education and training, healthcare services, and manufacturing. Arlington Capital was formed in 1999 and is headquartered in Washington DC.

DEAL STATS #
Overall 27 of 37
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 13 of 19
State (Massachusetts) 1 of 1
Country (United States) 26 of 35
Year (2019) 2 of 5
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 MicroPact

Arlington, Virginia, United States

MicroPact, Inc. is a provider of specialized, vertically oriented case management and business process management (BPM) applications for government. MicroPact, Inc. was founded in 2001 and is based in Arlington, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-04 Octo

Reston, Virginia, United States

Octo is a provider of digital services for the Federal Government. Octo specializes in providing agile software development, user experience design, and cloud engineering services that address the government’s most pressing missions and modernization challenges. Octo is based in Reston, Virginia.

Buy -
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